Wall Street Slumps! Tesla, Netflix, Meta in Focus As U.S. Markets Slide || Global News | ET Now　 #ETNOW

Wall Street ended lower overnight as disappointing earnings dragged U.S. markets down. The NASDAQ fell 1%, the Dow slipped over 300 points, and the S&P 500 lost nearly half a percent. Netflix shares crashed 10% after weak profit guidance, while Tesla slid 4% despite record revenue as margins tightened. Meanwhile, Meta announced layoffs of 600 employees from its AI division amid restructuring under new AI chief Alexander Wang.

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