Stock market today: US futures tumble after Meta's reality check, with GDP on deck

Techs led a retreat in US stocks on Thursday as Meta's revenue forecast rattled investors eyeing the next high-stakes megacap earnings, while a GDP update ahead is set to revive the rate-cut debate. Nasdaq 100 futures fell 1% on the heels of a go-nowhere day for the major Wall Street gauges. Futures on the S&P 500 lost 0.7%, while those on the Dow Jones Industrial Average slipped 0.6%.

That miss put a dent in hopes that results from the "Magnificent Seven" might juice a comeback in stocks, whose rally has lost momentum recently. It's also a reality check for Microsoft and Alphabet , also burdened with high earnings growth and AI expectations, when they report after the bell Thursday. Investors are also waiting for an update on GDP after an increasingly positive US economy has led some to take the repricing of Federal Reserve interest-rate cuts in its stride.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market news: U.S. stock rally wavers as bonds struggle before GDPStocks struggled to gain much traction, with Wall Street traders gearing up for economic data that will help shape the views on the Federal Reserve’s next steps.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Stock market news: U.S. stock rally stalls as bond yields rise before GDPWall Street traders sent both stocks and bonds down ahead of economic data that will help shape the views on the Federal Reserve’s next steps.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Stock market today: Tesla surges after earnings, stocks cling to gains ahead of Meta's reportTesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market news: tech giants hit in late hours after Meta's outlookBig tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the artificial-intelligence euphoria that has powered the bull market has run too far.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Meta, Chipotle, Ford earnings on tap, Tesla stock pops: Yahoo FinanceInvestors are keeping a sharp eye on earnings this afternoon, with Meta (META), Chipotle Mexican Grill (CMG), and Ford (F) all set to report their quarterly ...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »