Investing.com-- U.S. stock index futures fell in evening deals on Wednesday, with heavyweight technology stocks seeing renewed weakness after disappointing second-quarter guidance from Facebook owner Meta Platforms Inc (NASDAQ:
The guidance largely offset stronger-than-expected first-quarter earnings, and set a dour tone for upcoming earnings from the company’s major technology peers- specifically Microsoft Corporation (NASDAQ: Wall Street indexes clocked a middling session on Wednesday, as a rebound from near three-month lows was cut short by persistent fears of higher-for-longer interest rates.
Focus this week was on upcoming gross domestic product data- due Thursday- and PCE price index data- due Friday. Both readings are expected to factor into the outlook for U.S. interest rates.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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