Dow futures slip, Meta falls 2.8% after earnings
Investing.com — US stock futures were trading lower during Wednesday's evening deals, as major US indices continued to sell off throughout the regular session amid a slew of corporate earnings results.
By 6:30 pm ET (10:30 pm GMT) Dow Jones Futures lost 0.1%, S&P 500 Futures dipped 0.4% and Nasdaq 100 Futures fell 0.8%.
Stay ahead of the curve this earnings season with InvestingPro!
In extended deals, Meta Platforms (NASDAQ:META) lost 2.8% after the company reported Q3 EPS of $4.39 versus $3.64 expected. Revenues were reported at $34.15 billion versus $33.57 billion expected. Meta Platforms also forecasted Q4 2023 revenue in the range of $36.5-40 billion versus $36.64 billion expected.
IBM (NYSE:IBM) gained 1.6%, reporting Q3 EPS of $2.20 versus $2.13 expected, with revenue coming in at $14.75 billion versus $14.75 billion expected.
Align Technology (NASDAQ:ALGN) shed 23%, reporting Q3 EPS of $2.14 versus $2.27 expected, while revenues for came in at $960.2 million versus $998.68 million expected.
Ahead in Thursday's trade, investors will be closely monitoring core durable goods orders, preliminary GDP and PCE prices, jobless claims, pending home sales and a speech from the Fed's Waller.
Among earnings, companies including Amazon.com Inc (NASDAQ:AMZN), International Business Machines (NYSE:IBM), Intel Corporation (NASDAQ:INTC), Merck & Company Inc (NYSE:MRK) and Ford Motor Company (NYSE:F) are scheduled to report quarterly results.
During Wednesday's regular session, the Dow Jones Industrial Average lost 105.5 points or 0.3% to 33,035.9, the S&P 500 dipped 60.9 points or 1.4% to 4,186.8 and the NASDAQ Composite dipped 318.7 points or 2.4% to 12,821.2.
On the bond markets, United States 10-Year rates were steady at
Read more on investing.com
