Stock Futures Fall After Meta Platforms, IBM Report Quarterly Results: Live Updates

Summary:

U.S. stock futures pointed towards a lower open on Wednesday night after earnings reports from Meta Platforms (Facebook) and IBM disappointed investors.
Meta’s stock price plunged 15% in extended trading after the company issued weak revenue guidance for the second quarter. This suggests they expect to make less money than analysts predicted.
IBM shares also fell 8% after the company reported lower-than-expected revenue for the first quarter.

Why this matters:

Meta is a major tech company, and its performance can impact the broader market sentiment. Investors are likely worried about the slowdown in advertising revenue, which is a key source of income for social media platforms.
IBM’s results raise concerns about the health of the technology sector and the overall economy.

What to watch for:

The official opening of the U.S. stock market on Thursday to see how the broader market reacts to these earnings reports.
Any further comments from Meta or IBM executives about their future outlook.
The release of key economic data later this week, which could also affect investor sentiment.

Conclusion:

The disappointing earnings reports from Meta and IBM have cast a shadow over the stock market. It’s important to remember that this is just a snapshot in time, and the market could rebound in the coming days. However, these results highlight the potential for a slowdown in the technology sector and the broader economy, which is something investors should be aware of.

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