As investors analysed the minutes of the Federal Reserve’s June meeting, Wall Street futures declined on Thursday. However, Meta defied the trend by launching Threads, a Twitter-like app, and defying the decline in rate-sensitive technology and growth businesses.<\/p>\n\n\n\n
The previous day saw a decline in U.S. market indexes as the Fed minutes revealed that, while agreeing to hold rates constant in June, the majority of policymakers projected further policy tightening.<\/p>\n\n\n\n
Early premarket trading saw a decline in the majority of tech and growth megacaps, with Alphabet and Tesla down 0.6% and 0.9%, respectively.<\/p>\n\n\n\n
After drawing millions of users within hours of launching Threads on Wednesday, Meta Platforms increased 1.7%.<\/p>\n\n\n\n
After a disappointing 2022, large growth and technology equities, including Meta, have witnessed astronomical returns this year, with the Nasdaq Composite recording its largest first-half gain in forty years.<\/p>\n\n\n\n
At 05:30 a.m. ET, Nasdaq 100 e-minis were down 64.25 points, or 0.42%, while S&P 500 e-minis were down 19.25 points, or 0.43%. The Dow was down 154 points, or 0.45%, at this time.<\/p>\n\n\n\n
Investors are paying close attention to the Institute for Supply Management’s (ISM) non-manufacturing PMI numbers as well as the U.S. unemployment claims, JOLTS, and private payrolls data due later in the day.<\/p>\n\n\n\n
The drops of chipmakers Qualcomm and Intel continued, falling 1.2% each, as the trade conflict between Beijing and Washington heated up.<\/p>\n","protected":false},"excerpt":{"rendered":"
As investors analysed the minutes of the Federal Reserve’s June meeting, Wall Street futures declined on Thursday. However, Meta defied the trend by launching Threads, a Twitter-like app, and defying the decline in rate-sensitive technology and growth businesses. The previous day saw a decline in U.S. market indexes as the Fed minutes revealed that, while …<\/p>\n","protected":false},"author":9,"featured_media":61273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7770,8143,6862],"class_list":["post-86220","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-fomc-minutes","tag-interest-rate-hikes","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=86220"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86220\/revisions"}],"predecessor-version":[{"id":86221,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86220\/revisions\/86221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61273"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=86220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=86220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=86220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}