Stock Market Today: U.S. Futures Slip Ahead of More Big Tech Earnings

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Facebook parent Meta saw shares slide in pre-market trading a day after it spooked investors with low sales and revenue forecasts.

Global stocks were a mixed bag and U.S. futures were down on Thursday morning as investors await a flurry of earnings reports.In Japan, the country's benchmark Nikkei 225 slid 2.16 percent as the Bank of Japan's two-day monetary policy meeting kicks off. The yen fell to its lowest level against the dollar in 34 years.The U.K.'s FTSE 100 continued at record highs, boosted by strong earnings and takeover talks.

Both companies, like Meta, have invested a lot into AI technology. Indeed, it's a defining feature of the Magnificent Seven, which also includes Apple, Amazon, chip-maker Nvidia and Tesla.Elon Musk's EV maker reported dismal earnings earlier this week but shares have soared since.Another automaker, Ford, reported better than expected quarterly results Thursday and saw shares tick up in pre-market trading.

 

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