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Reuters
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Megacap results push US stock futures higher after Fed holds rates steady | Reuters

1. Meta rose 2.4% in premarket after beating revenue estimates. 2. Sales predictions for the current quarter might miss estimates. 3. Overall market gains driven by corporate earnings, especially from big tech. 4. Federal Reserve holds rates steady, causing mild market optimism. 5. Concerns about competition from Chinese AI models persist.

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FAQ

Why Neutral?

While Meta's earnings beat estimates, the sales miss prediction moderates momentum.

How important is it?

Earnings reports typically influence stocks significantly, but guidance is mixed for Meta.

Why Short Term?

The immediate effect from earnings news is likely to stabilize quickly.

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