US STOCKS-Wall St set to open lower as Meta Platforms, economic data weigh
US stocks set to open lower as Meta Platforms, economic data weigh. Futures down: Dow 1.10%, S&P 1.16%, Nasdaq 1.54%. Growth stocks dragged down by Meta platforms after disappointing quarterly results. Commerce Department's snapshot of first-quarter GDP shows 1.6% growth.
Reuters · 1h ago
'ByteDance Exploring Scenarios For Selling TikTok Without Algorithm' - The Information
Benzinga · 2h ago
IBM Reports Weak Revenue, Joins Meta Platforms And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Shares of International Business Machines Corporation fell sharply in today's pre-market trading after the company reported mixed first-quarter financial results. The Dow futures fell over 200 points on Thursday. Southwest Airlines and Textron were among the big stocks recording losses in the U.S. Stock market.
Benzinga · 2h ago
RPT-BREAKINGVIEWS-TikTok’s fate matters only up to a point for Meta
U.S. Law gives Chinese owner ByteDance until year to sell the popular short-form video app TikTok or face a ban. Facebook’s parent company Meta Platforms can make decent headway against its rival. A ban would benefit Meta, with its competing Reels app, but only up to a point.
Reuters · 2h ago
What, me worry? Wall Street defends Meta's increased spending on AI opportunity
Wall Street defends Meta Platforms' increased spending on AI opportunity. Mark Zuckerberg-led company's shares dropped 14% on the back of weaker-than-expected guidance. But analysts say the company is well positioned to benefit from the artificial intelligence race. Alphabet, Pinterest, Snap and Amazon also dropped on the news.
Seeking Alpha · 3h ago
US STOCKS-Futures falter as Meta Platforms weighs on megacaps
U.S. Stock index futures slip as Meta Platforms weighs on megacaps. Facebook-parent forecast higher expenses and lighter-than-expected revenue. Caterpillar falls on downbeat Q2 sales forecast. IBM down after Q1 revenue miss, HashiCorp deal. Dow futures down 0.58%, S&P 500 down 1.07% and Nasdaq down 1%.
Reuters · 3h ago
Options Volatility and Implied Earnings Moves Today, April 25, 2024
TipRanks · 3h ago
LIVE MARKETS-Meta dominates premarket action
Facebook parent Meta Platforms META.O drops 13% in premarket after results. European markets downbeat after mixed bag of results and copper mining mega-merger. Meta dominates premarket action in the busiest week for Q1 earnings. Shares in Snap, Pinterest and IBM also down in the premarket.
Reuters · 4h ago
Why Teradyne Shares Are Trading Higher By Over 8%; Here Are 20 Stocks Moving Premarket
Teradyne, Inc. Shares rose sharply in today's pre-market trading after the company posted upbeat first-quarter results. The company's quarterly sales came in at $599.819 million compared to expectations of $566.310 million. Other stocks moving in pre- market trading include Intelligent Living Application Group and Cidara Therapeutics.
Benzinga · 4h ago
BUZZ-Meta Platforms drags megacaps lower on higher cost forecast
Meta Platforms shares slide 13% premarket after social media firm forecasts higher expenses and lighter-than-expected revenue. Alphabet and Microsoft also down ahead of their results due after the bell on Thursday. Amazon down 2.2% and social media stocks Snap and Pinterest down 3.8%.
Reuters · 5h ago
Analysts Offer Insights on Communication Services Companies: AT&T (T), Snap (SNAP) and Interpublic Group of Companies (IPG)
TipRanks · 5h ago
Meta Stock Is Headed for Worst Day in Years, Drop Shaves Billions Off Market Cap
Meta Platforms stock plunges 13% in premarket trading. The tech giant's market capitalization falls to $1.09 trillion. The company's stock plunged after it raised its forecast for spending on artificial intelligence. The big spending plans could be weighing on other ad-driven internet companies.
Barron‘s · 5h ago
DJT Stock Slips. Why Trump Media Doesn't Trade Like Other Social-Media Companies.
Trump Media shares were down 1.0% at $35.30 in premarket trading on Thursday. The stock closed up 9.5% on Wednesday. The rest of the social-media sector was rocked by Meta Platforms' earnings report. Trump Media's stock is largely driven by investors buying shares in support of former president Donald Trump.
Barron‘s · 5h ago
WRAPUP 1-Consumer gulf widens as demand for premium and budget foods grows
Food companies are seeing shoppers that want either premium or cheaper products. The packaged goods industry has been hit with higher prices over the last two years. Luxury and fashion industries have also seen affluent shoppers flocking to the most expensive brands. Nestle, Danone and Unilever say demand for premium and budget foods grows.
Reuters · 5h ago
UPDATE 1-Meta shares plunge as prolonged AI spending plans unnerve investors
Meta Platforms' shares plunged 14% in premarket trading on Thursday. The social media firm's shares erased $200 billion off its market valuation on Wednesday. The company's forecast for prolonged spending on artificial intelligence unnerved investors. Shares of Alphabet and Snap fell between 2% and 5%.
Reuters · 6h ago
UPDATE 2-Meta sparks tech selloff as AI splurge spooks Wall Street
Shares of social media giant Meta Platforms sank 15% on Thursday. The drop was set to erase more than $180 billion from the company's market value. Shares of AI-focussed firms Microsoft, Alphabet and Snap also fell. CEO Mark Zuckerberg said costs would grow "meaningfully" in the coming years.
Reuters · 6h ago
Meta Platforms, Snap, Amazon, IBM, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Wednesday saw a varied performance across major U.S. Indices. The Dow Jones Industrial Average dipped slightly and the S&P 500 experienced marginal growth. Meta Platforms Inc. Reported a 27% year-over-year increase in first-quarter revenue. Snap shares ended the day down 2.72% at $11.08.
Benzinga · 12h ago
Alphabet, Snap, Pinterest Shares Are Sliding: What's Going On?
Meta Platforms Inc (NASDAQ:META) reported first-quarter revenue of $36.455 billion. The company beat estimates but raised its guidance for the second-quarter. Meta shares are down 12% in after-hours trading. Alphabet, Snap and Pinterest are due to report earnings within the next week.
Benzinga · 17h ago
BUZZ-Meta drops after higher annual capex view, soft Q2 revenue guide
Shares of Facebook-parent Meta Platforms META.O down 13.2% at $430.45 in extended trading. Company forecasts soft Q2 revenue guide, higher annual capex view. Company expects 2024 capital expenditure in the range of $35 bln to $40 bln.
Reuters · 18h ago
SNAP Factor-Based Stock Analysis
NASDAQ · 18h ago
Webull provides a variety of real-time SNAP stock news. You can receive the latest news about Snap Inc through multiple platforms. This information may help you make smarter investment decisions.
About SNAP
Snap Inc. is a technology company. Its product, Snapchat, is a visual messaging application that enhances relationships with friends, family, and the world. Snapchat is the Company's core mobile device application and contains five tabs, complemented by additional tools that function outside of the application. Snapchatters can interact with all five, or a subset of those five tabs. Additionally, the Company offers Snapchat+, its subscription product that provides subscribers access to exclusive, experimental, and pre-release features. Snapchat+ offers a range of features from allowing Snapchatters to customize the look and feel of their application, to giving special insights into their friendships. It also offers Snapchat for Web, a browser-based product that brings Snapchats calling and messaging capabilities to the Web. Its advertising products include AR Ads, AR Lenses and Snap Ads. Snap Ads include Single Image or Video Ads, Story Ads, Collection Ads, Dynamic Ads and Commercials.