NASDAQ index tumbles with Meta, Chipotle leading the way lower

The major US indices are moving to the downside led by the NASDAQ index which is currently down -1.33%. The S&P is down -0.75% the Dow industrial average is down -0.11%.

The declines are led by Chipotle and Meta which reported disappointing earnings. For Meta the market about their costs as a goal and with AI initiatives.

Below are our list of some of the major companies down more than 3.5% at the open:

• Chipotle Mexican Grill (CMG): -18.69%

• Meta Platforms (META): -11.95%

• Stellantis NV (STLA): -10.39%

• Roblox (RBLX): -10.00%

• Oracle (ORCL): -3.91%

• Robinhood Markets (HOOD): -3.89%

• Boeing (BA): -3.65%

• MicroStrategy (MSTR): -3.61%

• Alibaba ADR (BABA): -3.15%

• Broadcom (AVGO): -3.08%

• Nebius NV (NBIS): -5.87%

• SoFi Technologies (SOFI): -4.01%

• Rivian Automotive (RIVN): -3.61%

After close today, Amazon and Apple reported earnings