The Communication Services Select Sector SPDR Fund (XLC)

Based on the headcount disclosed by Meta in its fourth-quarter earnings report, the 5% cut would amount to 3,703 jobs.

The service currently allows text messages from the mobile dead zones, with pictures, messages, data, and voice calls coming later.

In this week's video, we'll review the latest charts and data help us answer the question, prudent selling based on inflation fears or an overreaction?

Last week was certainly memorable, and it looks like this week is off to a similar start.

Morgan Stanley sees the need for Alphabet to ship new products to provide incremental engagement, revenue, and free cash flow.

Disney+ paid subscriber count fell 1% to 124.6 million but average monthly revenue per paid subscriber increased 5% to $7.55.

Alphabet CEO Sundar Pichai said the fourth quarter was a strong quarter driven by the company’s artificial intelligence leadership and business momentum.

Argus analysts said Meta benefits from accelerating advertising revenue and significant margin expansion due to deep cost cuts and robust cash flow.

It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.

Wall Street rose on Wednesday, with all major equity indices advancing as investors assessed the latest batch of corporate earnings and drew optimism from positive labor market data.

Wedbush’s Scott Devitt said Alphabet will unlikely materially outperform advertising revenue growth expectations in the fourth quarter and 2025 due to forex headwinds and more challenging comps.

CEO Lachlan Murdoch said the company’s focused strategy of live news and sports programming, coupled with its growing digital initiatives, continues to deliver.

Analysts at MoffettNathanson see limited upside potential for Fox stock from current levels as investors question the sustainability of the company’s current strong cash flow.

U.S.

CEO Mark Zuckerberg said the company continues to make good progress on “AI, glasses, and the future of social media.”

Wall Street analysts expect Meta to report earnings per share of $6.76 and revenue of $46.99 billion.

CEO Mike Sievert said that in 2024, more new postpaid customers chose the Un-carrier than ever before, and the company had its lowest-ever full-year postpaid phone churn.

Caution dominates Wednesday's midday trading session in New York as investors anxiously await the Federal Open Market Committee decision at 2 p.m. ET.