Meta Platforms Inc.META
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Meta tumbled on capital expenditure and free cash flow concerns
Stock index futures advanced on Thursday as investors assessed the Federal Reserve's decision to keep interest rates unchanged and reacted to mixed earnings from Microsoft and Meta. Nasdaq 100 futures rose 0.50%, S&P 500 futures added 0.33%, and Dow futures edged up 0.25%. U.S. Treasury yields climbed, with the 10-year yield reaching 4.70%, the 30-year yield jumping to 5.23%, and the 2-year yield slipping slightly to 4.28%. Microsoft surged after reporting cloud revenue growth of 43% year-over-year, while Meta tumbled on capital expenditure and free cash flow concerns.
Meta Platforms Inc.Meta tumbled on capital expenditure and free cash flow concerns
Microsoft CorporationMicrosoft surged after reporting cloud revenue growth of 43% year-over-year
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