Things to know before the stock market opens Thursday
U.S. equities markets were set for a weak open Thursday following Wednesday’s broad rally.
Investors are chewing on the latest round of earnings, which included Facebook parent Meta on Wednesday afternoon
NBC Universal parent Comcast on Thursday morning. The Federal Reserve on Wednesday decided to hike rates by three-quarters of a point,
In line with expectations, to battle a four-decade-high surge in inflation.
Fed Chair Jerome Powell also indicated that the central bank could slow the pace of its rate hikes.
The U.S. gross domestic product fell 0.9% in the second quarter. Most economists expected the print to show slight growth.
The decline marks the second straight negative quarter for GDP, which declined 1.6% in the first quarter.
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