Stock futures pointed to further losses for Wall Street Thursday after a sharp slump in the previous session that was led by technology shares. The Nasdaq Composite, which dropped 2.4% on Wednesday, was indicated to open significantly lower again Thursday. Meta Platforms wasn’t helping following its earnings report.Meta Platforms posted third-quarter earnings that beat analysts’ expectations but shares of the parent company of Facebook and Instagram fell 3.
ServiceNow posted better-than-expected third-quarter adjusted earnings and raised its full-year financial guidance as the IT workflow-management software company continues its aggressive push to add generative artificial intelligence across its product line. Shares rose 4.2%. Ford Motor was up 1.8% after the United Auto Workers union said it reached a tentative contract agreement with the auto maker. The four-year deal still needs approval from the 57,000 union members at Ford. The strike against the Detroit Three auto makers—Ford, General Motors , and Stellantis —started almost six weeks ago.
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