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The major U.S. stock indexes opened down as investors awaited the results of the Federal Reserve‘s policy meeting.
S&P 500: -0.3% and Dow industrials: was -0.5%
Tweet on trending stocks
Marketwatch:
Snap: Shares slid nearly 16% premarket
Meta: Shares slipped 1.3% premarket
Advanced Micro Devices: shares up 2.6% premarket
Match: Shares tumbled 8.3% premarket
Electronic Arts: Shares fell nearly 10%
Mondelez International: Shares rose 2.3% premarket#Trending pic.twitter.com/oq35ACauD2— The_Journalbiz (@the_journalbiz) February 1, 2023
Factset chart on trending stocks
Snap: The social-media company warned sales in the current quarter are likely to drop after revenue growth stalled in the final three months of last year. Shares slid nearly 16% premarket.
Meta: The Facebook parent is expected to report results after the closing bell. Its results will offer an insight into how big tech companies are navigating the digital advertising slowdown. Shares slipped 1.3% premarket.
Advanced Micro Devices: The chip maker reported a 98% drop in fourth-quarter profit as sales linked to PC clients were cut in half. The results were still better than analysts had expected, sending shares up 2.6% premarket.
Match: The online dating company swung to a profit in the fourth quarter but offered a disappointing outlook for its current quarter, citing challenging macroeconomic conditions. Shares tumbled 8.3% premarket.
Electronic Arts: The video-game maker gave a disappointing outlook for its current quarter and said it will delay the launch of a highly anticipated Star Wars game. Shares fell nearly 10% before the opening bell.
Mondelez International: The maker of Oreo cookies reported that sales climbed 14% in the final quarter of 2022 as people bought more sweets and candies despite higher prices. Shares rose 2.3% premarket.
Peloton: The maker of connected fitness equipment reported better results than it had predicted for the last quarter and said its subscriber base was stable. Peloton stock rose about 4% premarket.
