US markets - Dow up +113-points or +0.44% However, the broader S&P500 eased -0.30%, with the Technology sector (down -1.6%) the key drag. The technology-centric NASDAQ fell -1.01% - its worst one-day loss since 27 June - with Facebook Inc tumbling -19% (its biggest single session decline since it became a publicly traded entity on 18 May, 2012) after the company posted weaker-than-expected second quarter revenue and daily active user numbers after the closing bell on Wednesday (25 July) and warned that it expected growth to decline over the rest of the year. The fall wiped ~US$120B off Facebook's market capitalisation - a figure that is larger than the individual market caps of 464 or 93% of the 500 companies in the S&P 500.
