U.S. Stock Futures Tumble as Investors Weigh META, MSFT Earnings Against U.S.-China Trade Truce
Wall Street's early signals flash red as tech giants deliver mixed results while geopolitical tensions simmer.
Earnings Rollercoaster
META and MSFT quarterly numbers hit the tape—sending conflicting signals through pre-market trading. The tech heavyweights' performance divided investor sentiment as algorithmic traders scrambled to reposition.
Trade Truce Reality Check
That much-hyped U.S.-China trade détente? Markets are already pricing in the inevitable breakdown—because when has temporary ever meant permanent in geopolitics? Futures dipped despite the supposed diplomatic win, proving once again that Wall Street trusts earnings more than politicians' handshakes.
Digital Assets Stand Firm
While traditional markets wobble, cryptocurrency volumes show surprising resilience—because when fiat systems get shaky, decentralized alternatives start looking pretty damn attractive.
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During Wednesday’s regular trading session, the three major indexes closed mixed despite the Federal Reserve’s 25-basis-point rate cut after Fed Chair Powell stated that a rate cut in December is not guaranteed, indicating a more cautious stance than the markets expected.
Coming to trending stocks, Alphabet (GOOGL) stock jumped 8% in Thursday’s pre-market trading after reporting robust Q3 results, with revenue topping $100 billion. In contrast, Meta Platforms (META) stock plunged about 9% as the social media platform disclosed a $16 billion tax charge.
Meanwhile, Microsoft (MSFT) stock was down 2% in pre-market trading after revealing a $3.1 billion hit to earnings due to its investment in OpenAI. Also, Chipotle Mexican Grill (CMG) stock tanked 16% on a dismal outlook. Shares of online used-car platform Carvana (CVNA) were down 7% in pre-market trading on margin concerns.
All eyes are now on earnings from Amazon (AMZN), Apple (AAPL), Coinbase Global (COIN), Strategy (MSTR), and Reddit (RDDT), which are scheduled to release their quarterly numbers after the market closes today.
