Another Black Eye for Facebook Weighs on Futures: Taking Stock [Bloomberg Business News]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: Bloomberg Business News
Stock futures are reeling from a rash of troubling news in the tech space, most notably FB in the spotlight over reports of a data breach with shares down 3.5% pre-market (more on this below). Separately, AAPL suppliers in Asia came under pressure after our reporting that the company is developing its own device displays for the first time (OLED plunging 7.6% so far) while TSLA is falling almost 2% after Goldman warns on deliveries for the first quarter. We also received some concerning news out of D.C., along with the usual mountain of noise, from the McCabe firing to the speculation of Mueller’s job security, the growing possibility of U.S. withdrawal from the Iran deal, and a blunder in regards to economic dialogue with China. This follows a week where the news flow seemed to skewed negative and the SPX closed in the red four out of five days for its longest losing streak this year. We had confirmation of Tillerson getting the boot and constant noise
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