Futures Slide As Megacaps Fall; Eyes On Economic Data

<p>Futures tracking Wall Street’s main stock indexes fell on Thursday, as megacap stocks eased due to elevated Treasury yields, while investors took stock of recent Big Tech earnings and awaited more economic data. Even after its third-quarter results beat expectations, Meta Platforms (META.O) dropped 3.1% in premarket trading as the Facebook parent forecast 2024 spending above estimates and suggested the Middle East conflict could dampen fourth-quarter sales. With the 10-year Treasury yield hovering near the 5% mark, megacaps Tesla (TSLA.O) and Microsoft (MSFT.O) fell 2.7% and 0.8%, while Amazon.com (AMZN.O) shed 1.6% ahead of its results, due after the closing bell. Google-parent Alphabet (GOOGL.O) lost 1.9%, adding to its 9.5% tumble […]</p>
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