Nasdaq falls as Facebook results disappoint

Stocks were mixed with the Nasdaq lower, as Facebook shares plunged after the social media giant warned of slowing growth in coming quarters as it ramps up spending to address concerns about data privacy and "fake news" on the platform.

The Dow Jones Industrial Average gained 112.97 points, or 0.44%, to 25,527.07. The S&P 500 fell 8.63 points to 2,837.44. The tech-heavy Nasdaq lost 80.05 points, closing at 7,852.19.

Facebook’s expenses will rise by 50% to 60% this year as the company invests in data security, new technology and other initiatives, CFO David Wehner said.

The company missed expectations for second-quarter revenue and reported sagging user growth in key markets after the Cambridge Analytica data breach.

Considering Facebook’s miss, a big focus will be on online retailing giant Amazon, which reported its latest quarterly result after the closing bell.

The European Central Bank released its latest interest rate decision Thursday, and as expected, held rates steady. Stateside, economic data points included the latest durable goods report and also the weekly jobless claims numbers. Jobless claims rose by  9,000  after falling to a 48-year low. Durable-goods orders rose 1% in June, the first increase in three months.

U.S. stocks rallied Wednesday, erasing earlier losses, after President Trump and European officials met in Washington for trade talks.

Trump announced that the U.S. and EU agreed to work toward zero tariffs and zero subsidies on non-auto industrial goods and avoid any new tariffs while talks are ongoing. Trump had threatened to slap tariffs on European car imports.

The EU also agreed to buy more U.S. soybeans, while the U.S. will work toward resolving tariffs recently imposed on European steel and aluminum.

Commodities were mostly lower Thursday.

FOX Business’ Ken Martin contributed to this article.