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On Thursday, U.S. stock futures are mixed after the Federal Reserve's latest stance on interest rates. Already, S&P 500 and Nasdaq futures are in positive territory up as the Dow continues to make its way down, pointing to uncertainty around the Fed's outlook. Markets have been cautiously optimistic since the Fed sent out signals that it may cut rates, and speculators are buzzing. However, the likelihood of further rate hikes in the short term is hampering investor sentiment.
Corporate earnings reports are grabbing the limelight as well. Fourth quarter results led to estimates beating and the stock rising on progress for electric vehicles, despite them coming in below average for Tesla (TSLA, Financial). Q4 was also a more positive outcome for Meta (META, Financial), beating Wall Street's profit expectations and further enhancing investor confidence. Azure growth fell short of expectations for Microsoft (MSFT, Financial). Meanwhile, Nvidia (NVDA, Financial) selloffed after fears of a chipmaker's reliance on Microsoft and Meta's future.
This article first appeared on GuruFocus.