United States stock futures showed little movement on Wednesday night (Thursday AEDT) as investors digested a slew of earnings reports from major tech companies and reacted to the Federal Reserve’s decision to maintain its current interest rate policy.
By 10:40 am AEDT (11:40 pm GMT) Dow Jones Industrial Average futures, S&P 500 futures and Nasdaq 100 futures remained flat.
Among reporting companies, Microsoft declined 0.7%, despite surpassing earnings estimates, as its cloud revenue fell short of expectations.
Tesla gained 4.7% in choppy trade following an earnings miss.
IBM surged 8.7% after exceeding earnings estimates and forecasting at least 5% constant currency revenue growth for the full year.
Western Digital added 2.5% after missing earnings estimates and issuing weak guidance.
Meta Platforms added 2.1% after issuing a first-quarter revenue outlook between $39.5 billion and $41.8 billion, below expectations of $41.67 billion.
Other major tech firms, including Apple and Amazon, are set to release earnings in the coming days.
On Wednesday, U.S. markets closed lower after the Federal Reserve kept interest rates unchanged at 4.25% - 4.5%, citing persistent inflation.
Investors now turn their attention to key economic data, including Thursday’s fourth-quarter GDP reading, weekly jobless claims, and Friday’s personal consumption expenditures price index report.
