Before the Bell | Meta's investors get a reality check
By Julianna
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures fell early Thursday, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms.
- $Meta Platforms (FB.US)$'s fourth quarter results show Facebook as we knew it may really be over. But what if that isn't such a bad thing?
Market Snapshot
Futures tied to the $Nasdaq Composite Index (.IXIC.US)$ dropped 335 points, and $S&P 500 Index (.SPX.US)$ futures slid 50 points. $Dow Jones Industrial Average (.DJI.US)$ futures slid 100 points.
Top News
Tech stocks set to drop after Facebook profit disappoints
The stock-market rally looked set to stumble, as investors hammered shares of Facebook owner $Meta Platforms (FB.US)$ premarket and awaited earnings from $Amazon (AMZN.US)$, $Ford Motor (F.US)$ and $Snap Inc (SNAP.US)$.
Analysis: Prospect of ECB rate-rise elevated after record high inflation
Record high annual eurozone inflation is expected to force the ECB to react at Thursday's meeting, either by warding off growing expectations of an early increase in interest rates, or by adding to them.
Analysis: U.K. Faces Higher Borrowing Costs
U.K. borrowing costs are set to rise as the BOE moves swiftly to unwind pandemic-era stimulus in order to bring inflation down from a 30-year high.
Glynn's Take: RBA Takes Its Shot at Reaching Full Employment
Amid all the misery of a two-year pandemic, Australia is emerging with very little long-term damage done to its job market, and the prospect of an unemployment rate reaching its lowest levels since the 1970s.
Shell plans $8.5 billion buyback as earnings surge
$Royal Dutch Shell-A (RDS.A.US)$ reported better-than-expected earnings of $6.4 billion for the fourth quarter, help by stronger demand and higher prices, said it will launch a share buyback program for the first half of 2022.
Nintendo raises earnings guidance on strong software sales
$Nintendo (ADR) (NTDOY.US)$ raised its fiscal-year revenue and net-profit forecasts, reflecting strong sales of its Switch game software, despite a shortage of chips that is affecting production of consoles.
Meta's investors get a reality check
$Meta Platforms (FB.US)$'s fourth quarter results show Facebook as we knew it may really be over. But what if that isn't such a bad thing?
Spotify, facing pushback against Joe Rogan, reports jump in users
CEO Daniel Ek says the past few weeks "have presented a number of learning opportunities" from the protest against the company's star podcaster. $Spotify Technology (SPOT.US)$
PayPal tumbles after disappointing earnings guidance
The payments company lowers its 2022 profit outlook and scraps an ambitious growth strategy it put in place last year. $PayPal (PYPL.US)$
Johnson & Johnson talc claimants challenge freeze of injury suits in bankruptcy
A bankruptcy committee representing injury claimants is fighting a bid to pause talc litigation against non-bankrupt $Johnson & Johnson (JNJ.US)$ and retailers that are not in chapter 11.
MetLife's earnings surge, but Covid limits results
Fellow insurer Allstate's net income fell 70% in the fourth quarter, as vehicle accidents increased on more-crowded roads. $MetLife (MET.US)$
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Blessedme : Most stocks will drop price again :(. 2022 has been dropping price so much despite economy recovery.
green x win : all companys earnings from now will go red? where did all the investors go?
101823892_antony : those who want to buy can buy @18 today
RDK79 green x win : Doubt it.