US Futures Fall After Tesla, Meta Earnings
US stock futures edged lower on Thursday as investors assessed the latest earnings reports from major technology companies Tesla and Meta Platforms. The tech-driven rally on Wednesday, fueled by strong corporate results that reinforced optimism surrounding artificial intelligence, also lost momentum. Nasdaq 100 and S&P 500 futures fell 0.6% and 0.4%, respectively, while Dow futures slipped 0.3%. In after-hours trading, Tesla shares dropped more than 3% despite beating earnings and revenue expectations, while Meta gained over 2% after reporting stronger-than-expected third-quarter revenue and issuing a positive outlook for the current quarter. During Wednesday’s regular session, the Nasdaq Composite advanced 1.05%, supported by upbeat results from SpaceX and Super Micro Computer that renewed confidence in AI demand. Investors are now turning their attention to Thursday’s earnings releases from companies including P&G, Western Digital, and Lockheed Martin.
US stock futures edged lower on Thursday as investors assessed the latest earnings reports from major technology companies Tesla and Meta Platforms. The tech-driven rally on Wednesday, fueled by strong corporate results that reinforced optimism surrounding artificial intelligence, also lost momentum. Nasdaq 100 and S&P 500 futures fell 0.6% and 0.4%, respectively, while Dow futures slipped 0.3%. In after-hours trading, Tesla shares dropped more than 3% despite beating earnings and revenue expectations, while Meta gained over 2% after reporting stronger-than-expected third-quarter revenue and issuing a positive outlook for the current quarter.
During Wednesday’s regular session, the Nasdaq Composite advanced 1.05%, supported by upbeat results from SpaceX and Super Micro Computer that renewed confidence in AI demand. Investors are now turning their attention to Thursday’s earnings releases from companies including P&G, Western Digital, and Lockheed Martin.