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Stock futures fall as Meta Platforms shares sell off after earnings: Live updates

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U.S. stock futures fell Thursday after tech juggernaut Meta Platforms reported quarterly results that disappointed investors.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyTraders will watch out for the first-quarter reading of the U.S. gross domestic product, due at 8:30 a.m. ET Thursday. Economists polled by Dow Jones expect that real GDP came in at 2.4%. Weekly jobless claims are also due.

The pharmaceutical giant earned an adjusted $2.07 per share on $15.78 billion in revenue. Analysts surveyed by LSEG anticipated just $1.88 per share and $15.2 billion. Chipotle saw traffic growth across income groups during the quarter, CEO Brian Niccol said. Customers have continued to flock to the restaurant chain even after it raised its prices in October, citing inflation.The U.K.'s FTSE 100 climbed 0.5% after it snapped a five-day winning streak on Thursday, while France's CAC 40 was 0.2% lower, and Germany's DAX down 0.5%.The benchmark Nikkei 225 has fallen 8.3% from a record high hit in late March.

 

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