Published on 25 Apr 2024 on Benzinga
Meta, IBM Drag Nasdaq Futures Lower: What's Driving Premarket Action - Invesco QQQ Trust, Series 1...
The back-and-forth motion in the market continues, with the index futures pointing to a lower opening on Thursday. Meta Platforms, Inc.’s META lukewarm second-quarter revenue guidance and commentary regarding investment punctured the stock, while International Business Machines Corp. IBM also fell on earnings. The tech space could come under pressure as traders digest these disappointments.
More tech earnings are on tap on Thursday, led by AI stalwart Microsoft Corp. MSFT and Alphabet, Inc. GOOGL GOOG