Stock market news: U.S. stock rally stalls as bond yields rise before GDP [BNN Bloomberg (Canada)]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: BNN Bloomberg
Equities struggled to gain traction after their biggest gain in two months, with investors also awaiting results from Meta Platforms Inc. Its fellow megacap Tesla Inc. surged 11 per cent after chief Elon Musk vowed to launch less-expensive vehicles. Nvidia Corp. halted a two-day rally. Treasuries fell as a jumbo-sized sale of notes failed to assuage concerns on whether a turning point is in sight after this year's selloff. “Tomorrow's pivotal gross domestic product report comes as market participants hope for a soft number that would lead to rate cuts sooner rather than later,” said Jose Torres at Interactive Brokers. “We expect a stronger-than-projected figure. It would be great for revenue growth prospects, but bad for the timing and extent of rate cuts.” The S&P 500 wavered near 5,060. Treasuries stayed lower after a record US$70 billion auction of five-year notes “tailed slightly.” U.S. 10-year yields rose five basis points to 4.65 per cent. The yen weakened beyond 155 per do
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 4
- 5/2/24 - Form PX14A6G
- META's page on the SEC website