US stock futures fall; Meta, Microsoft disappoint
The main Wall Street indices fell Wednesday, as anxiety over rising yields, an upcoming Federal Reserve meeting and a tight presidential race dented risk appetite, as well as the weak guidance from these tech giants.Tech giants Meta and Microsoft both fell more than 3% in premarket trade, 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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here are Thursday's biggest analyst calls of the day: Tesla, Apple, Meta, IBM, Microsoft & moreHere are Thursday's biggest calls on Wall Street.
Read more »
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…
Read more »
Meta reportedly eyes its own search engine to break free from Google and MicrosoftTsveta, a passionate technology enthusiast and accomplished playwright, combines her love for mobile technologies and writing to explore and reveal the transformative power of tech.
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.
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.
Read more »
Meta, Microsoft lift AI spending, worrying Wall Street ahead of Amazon resultsMeta, Microsoft lift AI spending, worrying Wall Street ahead of Amazon results
Read more »