Shares of Meta Platforms tumble after a disappointing outlook, while IBM slumps after revenue misses analysts’ estimates. Microsoft, Alphabet, and Intel are scheduled to report earnings after the close of trading Thursday.
More earnings from Big Tech companies roll in later today, with Microsoft and Alphabet reporting after the market close. Intel, Snap, Roku, and Western Digital also release results. The group follows Meta Platforms.
This Vanguard ETF tracks hundreds stocks in the information technology sector, the only market sector to outperform the S&P 500 over the past decade.