Stock futures were mostly higher Thursday, adding to the previous session’s gains after the Federal Reserve boosted interest rates by a quarter of a percentage point and Fed Chairman Jerome Powell said the central bank’s monetary-policy tightening has begun to slow the pace of inflation.
These stocks were poised to make moves Thursday:
(META), the parent company of Facebook, was rising 18.7% in premarket trading after fourth-quarter revenue topped analysts’ expectations and the company announced a new round of cuts to its 2023 spending plan. Meta also said its board approved a new buyback authorization of $40 billion.
American depositary receipts of
(SHEL) rose 2% after the oil giant posted a record annual profit in 2022 of $41.6 billion, getting a boost from soaring energy prices.
(ALGN) gained 12.5% after the maker of Invisalign braces reported fourth-quarter earnings that beat Wall Street estimates.
(QRVO) was down 3.1% after the chip company issued a fiscal fourth-quarter earnings outlook came in well shy of analysts’ forecasts.
(AAPL), Google parent
(AMZN) are scheduled to report quarterly earnings after the closing bell Thursday.
rose 1.1%, Alphabet gained 3.8%, and Amazon jumped 4.3% in premarket trading.
(MRK) will be posting results before Wall Street begins trading Thursday.
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