Stock futures are little changed after Meta Platforms, Tesla report earnings: Live updates
Published On Jan 29, 2025, 6:05 PM
U.S. stock futures remained stable following earnings reports from major tech companies like Meta and Tesla. Meta saw an increase in stock price after reporting higher-than-expected earnings, while Tesla's stock also rose despite missing projections. In contrast, Microsoft shares dropped due to slightly underwhelming growth in its cloud services, even though it exceeded overall earnings forecasts. The Federal Reserve announced that interest rates would remain unchanged, indicating a pause in potential rate cuts given current inflation levels. Investors are closely watching upcoming earnings reports from other tech giants such as Apple and Amazon.
Stock Forecasts
META
Positive
Given Meta's strong earnings and positive market reaction, its momentum is expected to continue short-term as it benefits from robust user engagement and ad revenue growth. Tesla's slight increase could be attributed to investor sentiment despite its earnings miss, reflecting ongoing interest in EV stocks. Microsoft may see continued pressure if concerns about its Azure growth persist.
TSLA
Negative
Tesla faces challenges with stagnating growth and missed earnings projections, which could lead to a downturn if investors lose confidence. Microsoft's performance signals stability but potential for short-term decline; as cloud growth nears expectations but isn't exceeding them, it could face headwinds if broader tech sentiment wanes.
MSFT
Negative
Microsoft's recent dip suggests cautious investor sentiment, but if it can demonstrate accelerated Azure growth in future quarters, there may be recovery potential. Currently, however, it is under pressure from market reactions to its recent earnings and slowing growth expectations.
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