U.S. stock futures were pointing to a stronger start Thursday, buoyed by upbeat results from Facebook parent Meta Platforms as well as the after-glow from...
U.S. stock futures were pointing to a stronger start Thursday, buoyed by upbeat results from Facebook parent Meta Platforms as well as the after-glow from Federal Reserve Chair Jerome Powell’s press conference.
What’s driving markets Meta... U.S. stock futures were pointing to a stronger start Thursday, buoyed by upbeat results from Facebook parent Meta Platforms as well as the after-glow from Federal Reserve Chair Jerome Powell’s press conference. What’s driving markets Meta Platforms META — the 14th largest company in the S&P 500 — saw its shares climb 19% in premarket trade as it posted revenue ahead of estimates, guided to a revenue range slightly above expectations, and announced a $40 billion stock buyback.
Markets also had a positive reaction to the Fed’s decision to lift rates by a quarter point. Though the statement from the Federal Open Market Committee pointed to multiple rate hikes still to come, investors were cheered by Powell’s insistance, to MarketWatch’s Greg Robb, that financial conditions hadn’t changed much since the December meeting.
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