US stocks set for a mixed open after Facebook earnings disappoint
Around 5:45 a.m. ET, Dow futures rose 40 points, indicating a positive open of 49.90 points, while S&P 500 futures indicated a relatively subdued start to its session. The tech-heavy Nasdaq however pointed to sharp losses at the open, indicating losses of 108.34 points.
The results come just months after the company was seen dealing with data breaches and scandals concerning fake news. Consequently, investors will be paying close attention to technology stocks on Thursday, to see how they react to Facebook's latest update.
Switching focus to what's coming up in today's session, even more big names are set to issue financial results. Out of the slew set to report, Allergan, Bristol-Myers Squibb, Comcast, Mastercard, McDonald's, American Airlines Group, Hershey and Under Armour are expected to issue their earnings before the bell.
Meantime, Amazon.com, Intel, Starbucks, Chipotle Mexican Grill, Discover Financial, Electronic Arts, and Expedia will report after the bell.
On the data front, jobless claims, and advance economic indicators are due out at 8:30 a.m. ET, followed by the Kansas City Fed's manufacturing survey at 11 a.m. ET.
This comes a day before U.S. gross domestic product data is due.
With increased regulatory scrutiny and earnings, who will be the last FAANG standing?
Not a Scientific Survey. Results may not total 100% due to rounding.
"We agreed today, first of all, to work together towards zero tariffs, zero non-tariff barriers and zero subsidies for the non-auto industrial goods," Trump said at a press conference with European Commission President Jean-Claude Juncker. The U.S. leader however did not comment on whether carmaker tariffs had been dealt with; meaning, automakers will be in focus on Thursday. Trade concerns surrounding China however still remain tense.
While no speeches by the U.S. Federal Reserve are expected today, the European Central Bank will have its latest monetary policy meeting. Any central banking decisions will be announced before the opening bell.
—CNBC's Michelle Castillo contributed to this report