Top 5 Things To Know In The Financial Market Today
According to Investing.com – Here are the top five things you need to know in the financial markets on Thursday, April 25:
1. Facebook surges on user engagement, shrugs off FTC fine
Shares in Facebook (NASDAQ:) surged more than 8% in premarket trade Thursday after the social media company reported and set aside $3 billion for a settlement with the U.S. Federal Trade Commission.
in the first three months of the year beat estimates, while user engagement metrics, key for social media, showed strong growth. Monthly active users and average revenue per user were both better than expected.
2. Microsoft adds to upbeat sentiment in tech
Microsoft (NASDAQ:) added its own upbeat contribution to the wider tech narrative with first-quarter beating expectations thanks to a strong contribution from its cloud-based services.
Shares jumped more than 4% in premarket trade.
3. Tesla Stock drop by 0.4%
(NASDAQ:TSLA) fell 0.4% after posting a wider-than-expected loss, accompanied by a heavy hint from CEO Elon Musk that the company would have to raise more capital. He also predicted a return to profitability in the third quarter.
4. Wall Street points to flat open despite tech support
U.S. futures pointed to a flat open on Thursday as the spotlight remains on earnings. Dow futures struggled to move into positive territory while the tech sector was buoyed by Facebook and Microsoft.
5. Dollar hits fresh 2019 highs, BoJ supports
The hit fresh 2019 highs against major rivals on Thursday as the Bank of Japan lent support with a dovish outlook.
The BoJ announced that it expected to .
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