Market indexes closed lower after gains, Meta beat earnings but shares dropped, Microsoft exceeded estimates.

From Nasdaq: 2024-10-30 18:36:00

Market indexes closed near session lows, with the Dow down -0.22%, S&P 500 -0.33%, and Nasdaq -0.56%. Pending Home Sales jumped +7.4% unexpectedly, while Existing Home Sales fell to 3.84 million. Meta beat earnings with $6.03 per share on $40.59 billion revenue, but shares dropped -1.8%. Microsoft exceeded estimates with $3.30 EPS on $65.6 billion revenue, driving shares up +3.5%. Starbucks met Q4 estimates with 80 cents per share on $9.07 billion revenue. Tomorrow, expect earnings from Mastercard, Uber, ConocoPhillips, and Bristol Meyers in the morning, followed by Apple and Amazon after the close.



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