Wall Street pointed toward losses early today — in potentially the first losing month since April — amid what has been a red-hot year for U.S. markets, the Associated Press reports. Futures for the S&P 500 fell 0.7% before the bell, while futures for the Dow Jones Industrial Average slid 0.5%.
Microsoft fell 3.6% overnight after the tech giant reported better profit than expected but disappointed investors who were looking for bigger AI-related growth.
Meta, the parent company of Facebook, also posted stronger-than-expected quarterly results but warned that it expected a “significant acceleration” in infrastructure spending next year as it continues to pour money into developing AI. Meta shares lost 2.6% overnight.
Ebay tumbled 7.2% after it issued a conservative forecast despite meeting Wall Street’s sales and profit expectations.
Online travel company Bookings Holdings, which owns Priceline.com and Kayak, climbed more than 6% after it easily outdistanced analysts’ profit and sales targets.
Uber slid 5.3% after the ride-hailing app reported that gross bookings growth slowed, overshadowing its strong third-quarter results.
Benchmark U.S. crude rose 43 cents to $69.04 per barrel. Brent crude, the international standard, added 48 cents to $72.64 per barrel.
The U.S. dollar slipped to 152.70 Japanese yen from 153.31 yen.
