{"id":1965336,"date":"2023-07-06T07:37:02","date_gmt":"2023-07-06T11:37:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-futures-slide-on-rate-hike-jitters-meta-rises\/"},"modified":"2023-07-06T07:38:43","modified_gmt":"2023-07-06T11:38:43","slug":"wall-street-futures-slide-on-rate-hike-jitters-meta-rises","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-futures-slide-on-rate-hike-jitters-meta-rises\/","title":{"rendered":"Wall Street futures drop due to rate hike concerns; Meta surges."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwall-street-futures-slide-on-rate-hike-jitters-meta-rises%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1965336&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2013 Wall Street futures fell on Thursday as investors digested minutes of the Federal Reserve\u2019s June meeting, while Meta bucked the slide in rate-sensitive technology and growth companies as it launched a Twitter-like app, Threads. <\/p>\n<p>U.S. stock indexes slipped in the previous session after the Fed minutes showed a vast majority of the policymakers expected further policy tightening, even as they agreed to hold rates steady in June.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Most tech and growth megacaps fell in early premarket trading, with Alphabet and Tesla down 0.6% and 0.9%, respectively.<\/p>\n<p>Meta Platforms rose 1.7% after attracting millions of users within hours of launching Threads on Wednesday.<\/p>\n<blockquote><p>\u201cNo doubt there will be bumps in the road, but the injection of some healthy competition will be a welcome development for consumers,\u201d said Victoria Scholar, head of investment at Interactive Investor.<\/p><\/blockquote>\n<blockquote><p>\u201c(It) could provide support to Meta\u2019s share price if Threads turns out to be a success, as its huge number of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-futures-slide-on-rate-hike-jitters-meta-rises\/\" title=\"Wall Street futures drop due to rate hike concerns; Meta surges.\">initial sign ups suggests<\/a>.\u201d<\/p><\/blockquote>\n<p>After a dismal 2022, big growth and technology stocks such as Meta have seen outsized gains this year, with the Nasdaq Composite clocking its biggest first-half rise in 40 years.<\/p>\n<p>At 05:30 a.m. ET, Dow e-minis were down 154 points, or 0.45%, S&#038;P 500 e-minis were down 19.25 points, or 0.43%, and Nasdaq 100 e-minis were down 64.25 points, or 0.42%.<\/p>\n<p>Investors are focused on U.S. jobless claims, JOLTS and private payrolls data due later in the day as well as the Institute for Supply Management\u2019s (ISM) non-manufacturing PMI numbers.<\/p>\n<p>Chipmakers Qualcomm and Intel extended declines, dropping 1.2% each, as a trade war between Beijing and Washington escalates.<\/p>\n<p>Beijing restricted exports of metals used in semiconductors on Monday, adding that the controls were \u201cjust a start,\u201d ahead of U.S. Treasury Secretary Janet Yellen trip to China.<\/p>\n<p>Among other movers, Exxon Mobil eased 0.9% on signaling a sharp drop in second-quarter operating profit on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reliable-power-during-the-energy-transition-requires-natural-gas\/\" title=\"Reliable Power During The Energy Transition Requires Natural Gas\">lower natural gas prices<\/a> and weaker oil refining margins, according to a regulatory filing.<\/p>\n<p>JetBlue Airways fell 1.2% after the company said it would follow a U.S. judge\u2019s May order to end an alliance with American Airlines to protect a planned $3.8 billion purchase of Spirit Airlines.<\/p>\n<\/p>\n<p> (Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Vinay Dwivedi)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/wall-street-futures-slide\/attachment\/file-photo-traders-work-on-the-floor-of-the-nyse-13\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>The Biden Administration puts the White in White House.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>National Political Correspondent Neil W. McCabe interviewed Florida Chief Financial Officer Jimmy Patronis about his decision to pull $2 billion in state funds from Blackstone, Wall Street\u2019s most powerful money manager\u2013and his reaction to the comments by BlackRock\u2019s CEO Larry Fink about Patronis\u2019s decision, his leadership in the Environmental, Social Governance investment movement.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>with Kari Lake<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>with Ricci Lee Wynne<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>By Foo Yun Chee BRUSSELS (Reuters) \u2013 The metaverse, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/argentina-to-push-july-imf-debt-payments-to-month-end-source\/\" title=\"Argentina will delay its July debt payments to the International Monetary Fund (IMF) until the end of the month, according to a source.\">shared virtual worlds accessible<\/a> via the internet, has not triggered any concerns so\u2026 <\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>By Foo Yun Chee BRUSSELS (Reuters) \u2013 The metaverse, shared virtual worlds accessible via the internet, has not triggered any concerns so\u2026 <\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) \u2013 Google has accused India\u2019s antitrust body of ordering changes to its business\u2026 <\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) \u2013 Google has accused India\u2019s antitrust body of ordering changes to its business\u2026 <\/h3>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street futures dropped after investors analyzed the Federal Reserve&#8217;s June meeting minutes. However, Meta stood out by launching Threads, a Twitter-like app, which boosted rate-sensitive technology and growth companies. The previous session saw U.S. stock indexes decline due to the revelation that most policymakers favored a certain course of action.<\/p>\n","protected":false},"author":66,"featured_media":1965337,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1965336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1965336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1965336"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1965336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1965337"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1965336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1965336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1965336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}