Nasdaq 100 Futures Rise Wednesday Night Following Meta's Quarterly Results: Live Updates

The U.S. Stock Futures ticked up on Wednesday night.

Nasdaq futures rose 0.5% while S&P futures rose 0.2%. Futures tied to the Dow Jones Industrial Average rose by 22 points or 0.07%.

Meta shares soared in after-hours trade as the

Company reported Quarterly Revenue

The company's performance exceeded analysts' expectations. The company's guidance for the current quarter was stronger than expected.

On Wednesday, during regular trading hours, the

Dow

The 228.96-point drop is 0.68%. The

S&P 500

The tech-heavy sector slid by 0.38%.

Nasdaq Composite

The rise in the price of the oil rose by 0.47%.

Microsoft's shares rose more than 7% in Wednesday's session. This was boosted by a positive earnings report.

Late Tuesday

Investors became worried about the First Republic situation, and First Republic shares fell by almost 30%.

Regional bank's health

.

Liz Young, SoFi's head of investment, warns that despite most S&P 500 firms reporting higher earnings than expected, the worst of the market is yet to come.

She said that expectations have been revised down by about 15%. "The fact that the companies are beating these lowered expectations is probably a positive thing at the moment because the markets do not like to hear about missed targets. We're beating some pretty low numbers."

Eli Lilly and Merck will report earnings before the bell. Southwest Airlines, American Airlines, and Southwest Airlines are also expected to do so. Comcast, which owns NBCUniversal and CNBC's parent company, is also expected in the morning.

Amazon and Intel, two of the world's largest tech companies, will announce their quarter-end results Thursday after the closing bell.

The first reading of the U.S. Gross Domestic Product for the first three months is due to be released at 8:30 am. Also, the weekly jobless claims will also be released around the same time. The Kansas City Federal Reserve Manufacturing Index and pending home sales in March are also important data points.

S&P 500 and Nasdaq composite on track for monthly losses

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average are all on track to finish April in the negative.

The S&P 500 has fallen 1.3% from the beginning of the month and is on course for its second negative monthly in three months. The Nasdaq Composite is down 3% so far this month, and it's on track to have its worst month since 2023. The Dow Jones is only up 0.08% this month.

-- Hakyung Kim, Chris Hayes

Stocks that have made the biggest moves during extended trading

After the bell, check out which companies are making news.

Meta Platforms

Facebook's parent company soared 9% on better-than expected top-line numbers. According to Refinitiv, Meta's revenue was $28,65 billion, which is higher than the $27,66 billion analysts had predicted. Reality Lab, the company's metaverse project, recorded revenue of $1.8 billion.

Nearly $4 billion

in operating losses.

Roku

After mixed earnings in the first quarter, Roku's TV streaming platform increased by 2%. Analysts had predicted losses per share of $1.37. Roku's loss per share was $1.38. The revenue was $741 million, compared to analysts' estimates of $708.5 millions. Roku has also increased its forecast for the current quarter's revenue to $770 millions, which is higher than Wall Street estimates of $768.

Ebay

The ecommerce platform rose 5.1% as first-quarter revenue and earnings beat expectations. According to Refinitiv, Ebay's adjusted earnings per share were $1.11, which was better than the $1.07 estimated, and its revenue came in at $2.51 billion versus a $2.48 estimate. Ebay estimates second-quarter earnings per share between 96c and $1.01 while analysts estimated 99c per share. Ebay's current-quarter estimated revenue was $2.47 billion to 2.54 billion, which exceeded analysts' expectations of $2.43 million.

You can find the complete list here

here.

-- Hakyung Kim

Stock futures open higher

The Nasdaq, which is a tech-heavy index, led the way in Wednesday's stock market futures.

S&P futures rose 0.24% while Dow Jones futures only ticked up by 0.03%.

-- Hakyung Kim