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Futures Slide As Megacaps Fall; Eyes On Economic Data

Futures tracking Wall Street’s main stock indexes fell on Thursday, as megacap stocks eased due to elevated Treasury yields, while investors took stock of recent Big Tech earnings and awaited more economic data. Even after its third-quarter results beat expectations, Meta Platforms (META.O) dropped 3.1% in premarket trading as the Facebook parent forecast 2024 spending above estimates and suggested the Middle East conflict could dampen fourth-quarter sales. With the 10-year Treasury yield hoveri... Read More

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Content Topics

Futures

Slide

Megacaps

Fall

Eyes

Economic

Data

Forex

Posted: Oct 26 2023, 13:05

Author Name: vladimirribakov

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