Wall Street futures rose on Thursday, supported by a surge in Meta Platforms after its strong third-quarter revenue forecast lifted megacap growth and technology stocks, and hopes that the U.S. Federal Reserve’s July rate hike was the last this year. Meta Platforms (META.O) gained 8.6% in premarket trading after it also reported a jump in second-quarter advertising revenue, topping Wall Street financial targets. The Facebook parent’s results followed a strong performance by Alphabet (GOOGL.O) earlier this week, which show that consumers, and advertisers eager to reach them, are spending despite broad economic concerns. Outsized gains in megacap growth stocks has helped Nasdaq (.IXIC) lead the charge […]
The post Wall Street Futures Rise After Meta Results, Fed Optimism appeared first on Vladimir Ribakov.
