Wall Street futures rose with gains from tech giants like Meta and Tesla after the Federal Reserve paused its rate-cutting cycle. Meta and Tesla's positive reports contrasted with Microsoft's disappointing cloud forecast.
Meta Platforms (META) stock is 1.9% higher premarket after strong Q4 earnings and a lawsuit settlement with Donald Trump
Will the Fed keep interest rates steady, or is an adjustment incoming? The central bank announces its decision at 2 p.m. ET. Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets,
The Federal Reserve is widely expected to hold its benchmark interest rate steady Wednesday, taking a pause after cutting short-term rates [by a full percentage point](
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In extended trading, shares of Meta Platforms and Tesla gained nearly 2% and 5%, respectively, while Microsoft shares dipped 4% after the companies reported earnings. Both Meta and Microsoft beat on the top and bottom lines, but Tesla missed expectations.
Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.
Meta and Tesla rise as Microsoft slumps, keeping US indices mixed. Investors await Apple and Amazon earnings while GDP and Fed policy weigh on sentiment.
Meta Platforms rose 2.4% in premarket trading after beating estimates for fourth-quarter revenue, but predicted that sales in the current first quarter might miss estimates. Tesla added 2.2% after saying it was on track to roll out new,
Most U.S. stocks are ticking higher following a rush of profit reports from some of the country’s most influential companies.
Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher after a rush of profit reports from some of the country's most influential companies