Wall Street Ends Lower as Meta Platforms Weighs

A trader works, as Federal Reserve Chair Jerome Powell is seen delivering remarks on screens, on the floor of the New York Stock Exchange (NYSE) in New York, on Jan. 26, 2022. Brendan McDermid/Reuters

Wall Street ended lower on Monday, as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton jumped following reports of interest from potential buyers, including Amazon.

Meta Platforms fell 5.1 percent, adding to losses after its bleak forecast last week caused a record plunge in the social media company’s stock market value.