Earnings Surprise: Microsoft and Meta Guidance Plunge Despite Beating Expectations – What You Need to Know About Stock Market Reaction!
New York, USA – Dow Jones futures showed a slight uptick overnight, contrasting with the slight dip in S&P 500 futures and Nasdaq futures. Notable companies such as Microsoft and Meta Platforms exceeded expectations in the third quarter, but their shares took a hit due to lower guidance. Other companies like Robinhood Markets, Coinbase, MicroStrategy, DoorDash, GoDaddy, and Ryan Specialty Holdings also reported earnings after the market close. The stock market rally experienced a modest …