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Barchart
Barchart
Oleksandr Pylypenko

Stock Index Futures Move Higher as Investors Await Key U.S. GDP Data, Meta Surges on Upbeat Earnings

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

Meta Platforms Inc (META) soared over +11% in pre-market trading after the company reported upbeat Q1 results due to a better-than-expected ad recovery at its flagship Facebook platform. Also, the social media giant provided better-than-expected Q2 revenue guidance amid ongoing progress to reduce costs.

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