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  • Pre-market: Nasdaq futures fell 0.9%, Meta fell more than 14.5%

    U.S. stock index futures weakened before the market opened on Thursday, with global stock markets ending a three-day winning streak as disappointing earnings forecasts from Facebook and Instagram owner Meta weighed on technology stocks. As of press time, Dow futures fell 0.5%, S&P 500 futures fell 0.6%, and Nasdaq futures fell 0.9%. Germany\’s DAX index fell 0.4%, France\’s CAC 40 index fell 0.5%, Britain\’s FTSE 100 index rose 1.1%, and Europe\’s Stoxx 50 index fell 0.6%. WTI crude oil rose 0.19% to US$82.97 per barrel. Brent crude oil rose 0.22% to US$88.21 per barrel. U.S. first-quarter GDP data and more financial reports from \”big tech companies\” are scheduled to be released later today, but for now, Meta\’s stock price fell 15% due to thunderous results, causing market sentiment to worsen. Risks are high for tech giants\’ earnings after frenzy around artificial intelligence fueled a record-breaking rally on Wall Street. The market reaction suggests that expectations for a boost to profits from artificial intelligence for companies developing the technology may be exceeded. Robert Alster, chief investment officer at Close Brothers Asset…

    free stock signals April 25, 2024