US index futures fall sharply: Tesla, IBM slide; Meta earnings fail to lift sentiment
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com - U.S. stock index futures fell sharply on Thursday as investors assessed quarterly results from Meta Platforms and Tesla, while renewed concerns about the sustainability of artificial intelligence spending weighed on technology shares. Still guessing which stocks…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishIndex futures falling on doubts about AI spending sustainability weigh on technology shares, a key driver for broad market sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01By 07:16 ET, S&P 500 futures were down 1.1%, Nasdaq 100 futures down 1.7% and Dow futures down 0.7%.
- 02Meta Platforms fell more than 1% in premarket trading despite beating third-quarter revenue and earnings estimates.
- 03Meta forecast stronger-than-expected revenue for the current quarter.
- 04Investors are assessing whether heavy investments in AI, robotics and autonomous driving can deliver sufficient returns.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Meta Platforms, Inc.697.52 USDMarket closedtoday +0.47%Negative Tesla, Inc.386.47 USDMarket closedtoday +3.41%Negative International Business Machines Corporation251.46 USDMarket closedtoday +3.94%Negative S&P 5007,757.17Market closedtoday +0.58%Negative NASDAQ 10029,822.52Market closedtoday +1.13%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets