Big Tech pivoted lower on Thursday -- dragging all three major benchmarks with it -- as optimism in the tech sector faded in the wake of Meta Platforms' (FB) alarming earnings report. The Dow shaved off 518 points, and was joined by both the S&P 500 and Nasdaq in
This week’s relief rally came to an abrupt stop Thursday as a few high-profile earnings reports cratered investor confidence and weighed on the major indexes.
Snap Inc reported better-than-expected fourth quarter revenue and user growth on Thursday, and provided a first quarter outlook that surpassed analyst estimates, sending its shares up 30% in trading after the bell.
Pinterest Inc's monthly active users declined 6% during the fourth quarter to the lowest since June 2020, signaling that a pandemic-driven surge in demand was cooling off as easing restrictions encourage people to step out more.
Technology stocks were finishing near their Thursday lows, with Facebook parent company Meta (FB) weighing on the sector and other social media firms after reporting below-consensus Q4 earnings and guiding Q1 revenue below Wall Street expectations.
Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks closing lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech.
With Meta Platforms (NASDAQ: FB) stock getting hammered today following its fourth-quarter earnings report, many investors may be wondering if this a good opportunity to buy shares of the Facebook parent company.
Global equity markets slumped lower on Thursday while gold prices steadied and the dollar weakened as frightened investors digested disappointing updates from major central banks about the outlook for inflation and interest rates.
Successful investing requires two main components – making big money when we are right, and limiting drawdowns when we are wrong. Making big money inevitably involves being invested in top companies during their most profitable, bullish runs.
Are These Best Information Tech Stocks Worth Investing Today?In the current day and age we live in, information technology (IT) is one of, if not the most crucial areas of tech. As such, it would make sense then that IT stocks are, arguably, a noteworthy section of the stock
Meta Platforms (NASDAQ: FB), the parent company of popular social media apps Facebook, Instagram, and WhatsApp, reported its full-year 2021 earnings on Feb. 2. Investors were not at all happy about the significant cash burn in the company's Reality Labs segment, which is focused
Mega-cap enterprises are exhibiting post-earnings price action with a market-moving magnitude the world has never seen before. Panic appears to be the market's go-to response this earnings season, and not just panic to the downside, but FOMO panic to the upside as well (e
Canada's main stock index opened lower on Thursday, after four sessions of gains, as technology stocks fell due to weak sentiment after Facebook-owner Meta Platforms' downbeat forecast.
No longer seen as strictly a game, the metaverse is being viewed by more and more investors as a serious real estate investing opportunity. Likewise, an increasing number of retailers have been gradually making their way into the metaverse.
Meta Platforms' (NASDAQ: FB) stock price plunged 23% to its lowest levels since July 2020 after it released its fourth-quarter earnings report on Feb. 2.
Technology stocks were declining pre-bell Thursday as the Technology Select Sector SPDR ETF (XLK) was down more than 1% while the Semiconductor Sector Index Fund (SOXX) was over 2% lower.
The NASDAQ 100 Pre-Market Indicator is down -355.61 to 14,784.13. The total Pre-Market volume is currently 28,453,361 shares traded.The following are the most active stocks for the pre-market session: Meta Platforms, Inc. (FB) is -71.79 at $251.21, with 5,489,100 shares traded.
U.S. stock index futures slumped on Thursday as Facebook-owner Meta Platforms' dour forecast jolted the broader tech sector and threatened to upend a nascent recovery in stock markets.
U.S. stock index futures fell on Thursday, with Nasdaq futures down nearly 2%, as Facebook-owner Meta Platforms' disappointing forecast triggered a slump in other technology companies and threatened to upend a nascent recovery in stock markets.