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Traders Digest Meta Platforms, Tesla Earnings Ahead of Data as US Equity Futures Trade Mixed Pre-Bell
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Traders Digest Meta Platforms, Tesla Earnings Ahead of Data as US Equity Futures Trade Mixed Pre-Bell
Jan 30, 2025 5:28 AM

08:07 AM EST, 01/30/2025 (MT Newswires) -- US equity futures were mixed pre-bell Thursday as traders digested quarterly results from Meta Platforms ( META ) and Tesla (TSLA), while looking ahead to key economic data.

The Dow Jones Industrial Average futures fell 0.1%, S&P 500 futures increased 0.3%, and Nasdaq futures were up 0.5%.

Meta reported late Wednesday higher Q4 earnings and revenue that topped estimates from analysts surveyed by FactSet. Meanwhile, electric vehicle maker Tesla reported stronger Q4 adjusted profit and revenue that trailed estimates.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.2% at $75.75 per barrel and US West Texas Intermediate crude 0.1% higher at $72.72 per barrel.

US gross domestic product, scheduled for release at 8:30 am ET, is expected to show a 2.7% growth in Q4, compared with a 3.1% increase previously. New unemployment claims are expected to increase by 1,000 to 224,000 in the week ended Jan. 25, according to estimates compiled by Bloomberg.

Forecasters see pending home sales, due at 10 am ET, unchanged in December following a 2.2% growth in the preceding month.

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