Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise

fell Thursday, with investors concentrating on corporate earnings, particularly from the highly-valued tech sector, as well as important growth data.) stock fell 14% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue and raising fears the surging cost of AI is outpacing its benefits.) stock slid 8.6% on weak first-quarter earnings, while the firm also announced a $6.4 billion deal to buy software company) stock rose 5.

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