Morning Briefing: Facebook rebrands company as Meta in focus on metaverse
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures slipped in early morning trading Friday as shares of major technology companies suffered following disappointing earnings reports.
- The social-media service Meta will retain the Facebook name even as the umbrella company readies billions of dollars in investments in its new mixed-reality platform.
Market Snapshot
Stock futures slipped in early morning trading Friday as shares of major technology companies suffered following disappointing earnings reports.
Futures on the tech-heavy $NASDAQ 100 Index (.NDX.US)$ futures dropped 0.8%. $S&P 500 Index (.SPX.US)$ futures shed 0.5% and $Dow Jones Industrial Average (.DJI.US)$ futures were 48 points lower.
Market Temperature
Stocks end higher with earnings in focus
U.S. stocks climbed after a string of upbeat earnings reports.
U.S. stocks climbed after a string of upbeat earnings reports.
Biden framework for social-climate package fails to ease passage of infrastructure bill
The White House's $1.85 trillion framework designed to show progress in the social-spending and climate talks fell short of persuading progressives to quickly approve the parallel, roughly $1 trillion infrastructure bill.
The White House's $1.85 trillion framework designed to show progress in the social-spending and climate talks fell short of persuading progressives to quickly approve the parallel, roughly $1 trillion infrastructure bill.
U.S. pending home sales unexpectedly fell in September
The number of houses going under contract in the U.S. declined in September by 2.3% after rising sharply in August, data from the National Association of Realtors showed. Economists were expecting a 1% rise.
The number of houses going under contract in the U.S. declined in September by 2.3% after rising sharply in August, data from the National Association of Realtors showed. Economists were expecting a 1% rise.
Jobless claims fall to new pandemic low
Worker filings for unemployment benefits declined last week to their lowest level since the pandemic began, as employers competed for employees in a tightening labor market.
Worker filings for unemployment benefits declined last week to their lowest level since the pandemic began, as employers competed for employees in a tightening labor market.
Apple warns of supply chain woes while Amazon faces increased labor costs
Investors remain watchful of how corporate leaders are managing disruptions as the pandemic's effects drag on. $Apple (AAPL.US)$
Investors remain watchful of how corporate leaders are managing disruptions as the pandemic's effects drag on. $Apple (AAPL.US)$
Amazon earnings suffer as growth slows, costs rise
The company posted lower-than-expected third-quarter sales and signaled that a tight labor market and supply-chain disruptions would weigh on earnings. $Amazon (AMZN.US)$
The company posted lower-than-expected third-quarter sales and signaled that a tight labor market and supply-chain disruptions would weigh on earnings. $Amazon (AMZN.US)$
Facebook rebrands company as Meta in focus on metaverse
The social-media service will retain the Facebook name even as the umbrella company readies billions of dollars in investments in its new mixed-reality platform. $Meta Platforms (FB.US)$
Read More
The social-media service will retain the Facebook name even as the umbrella company readies billions of dollars in investments in its new mixed-reality platform. $Meta Platforms (FB.US)$
Read More
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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