S&P 500 futures slip after Meta reports; traders brace for key inflation data: Live updates

Published On Oct 30, 2024, 6:04 PM

On October 30, 2024, U.S. stock futures fell following disappointing earnings from major tech companies. Meta Platforms saw a nearly 3% drop after missing user growth expectations and announcing a rise in capital expenditures for 2025, while Microsoft’s shares were down 4% despite beating earnings estimates. The broader stock market reflected these trends, with the S&P 500, Dow, and Nasdaq all closing lower. Investors are also anticipating critical inflation data and upcoming earnings from other tech giants like Apple and Amazon.

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Stock Forecasts

METAView META chart on TradingView

Negative

Meta's disappointing earnings and outlook could result in continued volatility as the market reacts to tech sector performance. The inflation data could further influence investor sentiment, particularly around growth and interest rate expectations.

MSFTView MSFT chart on TradingView

Negative

Microsoft's stock faced downward pressure despite positive earnings, reflecting broader tech sector trends. As investors digest upcoming inflation data and tech earnings, Microsoft may continue to be affected in the near term.

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