By Oliver Gray
Investing.com - U.S. stock futures were lower in early APAC deals on Thursday, after major benchmark indices closed higher for the fourth consecutive session, with traders continuing to digest Q4 corporate earnings reports, which included disappointing numbers from tech giant Meta Platforms.
During Wednesday’s session, the Dow jumped 0.6%, while the S&P 500 and Nasdaq Composite advanced 0.9% and 0.5%, respectively.
Dow Jones Futures fell 0.12%, S&P 500 Futures were down 1.07% and Nasdaq 100 Futures lost 2.31%.
Among stocks, technology was mixed, as Ev makers Tesla Inc (NASDAQ:TSLA), Rivian Automotive Inc (NASDAQ:RIVN), and Lucid Group Inc (NASDAQ:LCID) dropped 2.75%, 7.61% and 7.6% respectively. Block Inc (NYSE:SQ) dropped 10.63%, Microsoft Corporation (NASDAQ:MSFT) added 0.38%, Apple Inc (NASDAQ:AAPL) added 0.7% and Alphabet Inc (NASDAQ:GOOGL) surged 7.52%
In extended deals, Facebook-parent Meta Platforms Inc (NASDAQ:FB) plunged 22.8% after the company’s quarterly profit fell short of expectations. The company also issued weaker-than-expected revenue guidance for the current quarter.
Spotify Technology SA (NYSE:SPOT), meanwhile, fell about 9.87% in extended deals after the company’s latest quarterly figures showed a slowdown in premium subscriber growth. Spotify said premium subscribers grew by 16% year over year in the fourth quarter, down from 19% in the third quarter.
On the bond markets, United States 10-Year yields were at 1.772%.
On the economic data front, investors will keep an eye out for the latest weekly U.S. jobless claims numbers.