Stocks fall as Facebook shares plummet | U.S. oil tops $90 a barrel | Key jobs report Friday

Facebook shares cratered on Thursday, dragging the S&P 500 and the Nasdaq.

VIEW IN BROWSER | SUBSCRIBE THU, FEB 03, 2022 EVENING BRIEF AS OF THU, FEB 03, 2022 • 04:50 ET DJIA 35111.16 -1.45% -518.17 S&P 500 4477.44 -2.44% -111.94 NASDAQ 13878.82 -3.74% -538.73   Most Active DOW NAME LAST CHG %CHG AAPL 172.90 -2.94 -1.67% MSFT 301.25 -12.21 -3.90% INTC 48.28 -1.23 -2.48% S&P 500 NAME LAST CHG %CHG FB 237.76 -85.24 -26.39% AMD 120.08 -2.68 -2.18% F 19.89 -0.74 -3.59% NASDAQ NAME LAST CHG %CHG FB 237.76 -85.24 -26.39% AMD 120.08 -2.68 -2.18% AAPL 172.90 -2.94 -1.67%   EDITOR'S NOTE After a four-day rebound from January's tech-led rout, U.S. equities fell on Thursday. Tech stocks weighed on the market, following disappointing earnings from Meta Platforms.   The Nasdaq Composite slid 3.7%, while the S&P 500 lost 2.4%. The Dow Jones Industrial Average fell 518.17 points, or 1.4%. All of the major averages are still on pace to finish the week higher.   Investors' renewed confidence in tech stocks retreated after Facebook's parent company reported earnings that fell short of expectations and issued weak revenue guidance for the current quarter. Facebook shares fell 26.3% while fears rippled across the sector. Snap shares declined 23.6% ,and Twitter shares lost 5.5%. Outside of tech, Honeywell was the biggest drag on the Dow, with its shares sliding 7.6%. The company reported a narrow beat on per-share earnings but issued weak guidance.   The Labor Department reported fewer than expected U.S. jobless claims for the week ending Jan. 29.   Investors are bracing for Friday's January nonfarm payrolls data, due at 8:30 a.m. ET. Consensus estimates call for a gain of 150,000 jobs, according to Dow Jones, but Wall Street forecasters anticipate far lower numbers. For instance, PNC predicts a sharp decline of 400,000 jobs. Tanaya Macheel | Markets and Investing Reporter @tanayamac Watch our live stream for all you need to know to invest smarter. TOP NEWS  Stocks tumble as Facebook's earnings-induced rout halts tech rebound, Nasdaq falls 3.7% Facebook stock plummets 26%, on pace for its biggest one-day drop ever ISIS leader dies during U.S. counterterrorism raid in Syria, White House says U.S. oil prices top $90 a barrel for the first time since 2014 Facebook and Google stocks have diverged, and the reason is Apple Why do some people get Covid when others don't? Here's what we know so far Republicans grill Fed nominee Raskin over past views on climate and big energy companies Weekly jobless claims total 238,000, fewer than expected Amazon reports 9% sales increase in fourth quarter and big profit gain on Rivian stake; shares jump Ford reports mixed fourth quarter results as chip shortage eases   TOP VIDEO We believe Meta is a growth company, says Momentum Advisors CEO Allan Boomer   CNBC PRO Companies are beating earnings estimates again this reporting season, but investors don't care   SPECIAL REPORTS Here's why your tax return may be flagged by the IRS Texas crypto miners power down to ease grid pressure   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS