Nasdaq futures are up, boosted by a 15% gain in Meta Platforms following a mixed earnings report — and more in Thursday’s stock market recap.
Meta missed on revenue but reported better-than-expected earnings and key engagement metrics, which sent shares soaring as high as $206 in premarket trading.
Twitter also reported earnings before the bell Thursday morning, possibly for its last time as a public company.
Revenue was slightly below estimates while monetizable daily active users exceeded expectations. Shares rose about 1% to about $49 a share, still $5 below Tesla CEO Elon Musk’s buyout cash offer of $54.20 per share.
In addition to earnings, we also had the gross domestic product report, which came in well below estimates at minus1.4% for the quarter.
This sent bond yields higher and in today’s video, I’ll explain more about the relationship between bonds and GDP.
In this morning’s stock market recap video, you’ll discover why I believe tech is oversold… earnings and their impact on stocks… a deep dive into market internals… plus my top sector ETF with an option and strike price levels.
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