The New York Stock Exchange ended Thursday on a mixed note, with the Nasdaq suffering from a black day for Meta (Facebook), while the Dow Jones stood out thanks to stocks less sensitive to the economic situation, reports AFP.

The Dow Jones gained 0.61 percent, marking its fifth straight session, while the Nasdaq lost 1.63 percent. The S&P 500 lost 0.61%.

The session was marked by a drop in the Meta index, which represents almost 3% of the Nasdaq index. The stock lost 24.56% on the day, hitting its lowest level since January 2016.

For a year, the group from Menlo Park (California) lost almost 600 billion dollars in capitalization of the stock market.

On Wednesday after the exchange, Meta announced a new drop in quarterly turnover (-4%), the second in a row.

The social network suffers from the advertising market, on which its model depends almost entirely, and from competition from other platforms, primarily TikTok.

Although the Meta was hit the hardest, it dragged down the entire tech sector, including Apple (-3.05%), Amazon (-4.06%) and Alphabet (-2.34%).

Apple’s quarterly profit met expectations, but iPhone sales are disappointing.