Shares of Meta Platforms fall following a warning about weaker advertising demand, while IBM says a push into artificial intelligence is starting to pay off....
Stock futures pointed to further losses for Wall Street Thursday after a sharp slump in the previous session that was led by technology shares. The Nasdaq Composite, which dropped 2.4% on Wednesday, was indicated to open significantly lower again Thursday. Meta Platforms wasn’t helping following its earnings report.Meta Platforms posted third-quarter earnings that beat analysts’ expectations but shares of the parent company of Facebook and Instagram fell 3.
ServiceNow posted better-than-expected third-quarter adjusted earnings and raised its full-year financial guidance as the IT workflow-management software company continues its aggressive push to add generative artificial intelligence across its product line. Shares rose 4.2%. Ford Motor was up 1.8% after the United Auto Workers union said it reached a tentative contract agreement with the auto maker. The four-year deal still needs approval from the 57,000 union members at Ford. The strike against the Detroit Three auto makers—Ford, General Motors , and Stellantis —started almost six weeks ago.
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ServiceNow posts quarterly revenue bounce on strong subscription salesJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
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