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Meta Platforms, Tesla Earnings, Data in Focus as US Equity Futures Turn Mixed Pre-Bell
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Meta Platforms, Tesla Earnings, Data in Focus as US Equity Futures Turn Mixed Pre-Bell
Jan 30, 2025 6:14 AM

08:55 AM EST, 01/30/2025 (MT Newswires) -- US equity futures were narrowly mixed ahead of Thursday's opening bell as traders digested quarterly results from Meta Platforms ( META ) and Tesla (TSLA) as well as 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%.

Oil prices were little changed, with front-month global benchmark North Sea Brent crude hovering at $75.61 per barrel and US West Texas Intermediate crude hovering at $72.58 per barrel.

US gross domestic product, released at 8:30 am ET, showed 2.3% growth in Q4, smaller than the 2.6% estimate compiled by Bloomberg and down from the 3.1% increase in Q3. New unemployment claims fell to 207,000 in the week ended Jan. 25 from 223,000 in the preceding week, compared with estimates for an increase to 225,000.

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

In other world markets, Japan's Nikkei closed 0.3% higher, while the Hong Kong and Chinese markets were closed for holiday. UK's FTSE 100 rose 0.7%, and Germany's DAX index gained 0.3% in Europe's early afternoon session.

In equities, shares of Meta were 2.4% higher pre-bell after the company late Wednesday reported higher Q4 earnings and revenue that topped estimates from analysts surveyed by FactSet. Meanwhile, Tesla shares were up more than 4% after reporting stronger Q4 adjusted profit and revenue.

On the losing side, Cargo Therapeutics ( CRGX ) shares were down 75%, a day after the company said it will discontinue its phase 2 study of a treatment candidate for large B-cell lymphoma and reduce its workforce by about 50%.

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