US stocks fall; Meta, Microsoft disappoint, PCE data released

Tech giants Meta and Microsoft both traded lower Thursday, even as their earnings for the September quarter beat expectations.

Meta warned of a sharp increase in AI-related spending in the coming year, while user growth was at a slower pace in the September quarter than the prior one. Both contracts rose more than 2% on Wednesday, after falling more than 6% earlier in the week on the reduced risk of a wider Middle East conflict.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer's week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and AmazonCNBC’s Jim Cramer on Friday urged investors to keep a level head during next week’s busy slate of corporate earnings and influential economic…
Source: NBCNewYork - 🏆 270. / 63 Read more »

What to expect from Meta Platforms, Microsoft earnings after the bellAnother busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Microsoft, Meta Platforms, Starbucks, Coinbase and moreThese are the stocks posting the largest moves in extended trading.
Source: CNBC - 🏆 12. / 72 Read more »