Tech stocks drag US futures as GDP stats awaited
“In 1999, when clients questioned why we were underperforming as deep-value investors, instead of buying tech stocks at 100 times earnings, we bought cheap small-cap value and international stocks,” said David Demming, president of Demming Financial Services Corp.
Meta dropped 15% in premarket trading Thursday.
Technology stocks led declines in US equity futures Thursday after Meta Platforms Inc.’s disappointing outlook underscored the risk of volatility in a high-stakes earnings week.
Nasdaq 100 contracts fell 0.9%, with Meta accounting for more than half of that decline. The Facebook parent tu
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