Shares of Facebook Inc. (FB – Get Report) rose 3% on Thursday after the social networking giant beat fourth-quarter earnings and revenue estimates but said users were spending less time on the site. Adjusted earnings in the quarter were 96 cents a share, well above forecasts of 87 cents. Revenue increased 12% to $28.9 billion, topping expectations of $28.4 billion.
Cloud computing lifted Microsoft Corp. (MSFT) to a fiscal second-quarter earnings beat and the stock traded up 0.8% on Thursday.
Qualcomm Inc. (QCOM) posted fiscal first-quarter earnings and revenue that beat analysts’ expectations but the chipmaker forecast second-quarter profit that came in below estimates. The stock fell 2%.
DowDuPont Inc. (DWDP) shares fell 2.7% after the company posted an earnings and revenue beat in the fourth quarter.
Apple will publish its much-anticipated first-quarter earnings after the closing bell on Thursday, with investors from around the world waiting to hear how its flagship iPhone X sales fared over the Christmas quarter. The Wall Street consensus for company revenue is $87.1 billion and earnings per share of $3.84, a 14% increase from the same three-month period a year earlier.
PayPal Holdings Inc. (PYPL) shares plunged 8% on Thursday, while eBay Inc. (EBAY) jumped 13% after the online marketplace said it wouldn’t extend an agreement with PayPal as it looks to develop a new partnership with Dutch provider Adyen BV.
Credit card company Mastercard Inc. (MA) reported fourth-quarter earnings and revenue that topped Wall Street expectations. The stock gained 2%.
Ford Motor Co. (F) said sales in January fell 6.6%, narrower than estimates of a 7.3% decline. The stock declined 0.4% on Thursday.
Sales in January for General Motors Co. (GM) rose 1.4% but came in below forecasts of up 4.2%. GM shares rose slightly.
The U.S. dollar index was active following the Federal Reserve’s decision on Wednesday to hold steady on interest rates but and after the central bank issued a somewhat hawkish inflation outlook. The index, which benchmarks the greenback against a basket of six global currencies, fell 0.36% to 88.79, while 10-year U.S. Treasury yields rose to 2.75%..
Weekly U.S. jobless claims in the U.S. fell by 1,000 to 230,000, with claims remaining near a 45-year low.
U.S. productivity declined in the fourth quarter by 0.1%, according to the U.S. Bureau of Labor Statistics, falling shy of economists’ forecasts that had called for an increase of 0.2%.
The Institute for Supply Management for January fell to 59.1 from 59.3 in December.