Huo Xing Cai Jing reports that on July 30, according to BIT (bit.com) market data, Meta, Microsoft, Qualcomm, and Arm released their earnings reports after the close of U.S. markets on Wednesday. Microsoft (MSFT) rose 7% in pre-market trading, as its cloud revenue for the fourth fiscal quarter exceeded market expectations. Meta Platforms (META) fell 8.3% in pre-market trading, with its second-quarter free cash flow declining by 91%. Qualcomm (QCOM) dropped 5.7% in pre-market trading, and Arm (ARM) fell 7.2%.
Meta, Arm, and Qualcomm drop over 5% in pre-market trading after earnings; Microsoft rises 7%.
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Summary
The Fear and Greed Index declined as Meta (META), Qualcomm (QCOM), and Arm (ARM) dropped more than 5% in pre-market trading following earnings reports. Microsoft (MSFT) rose 7% on strong cloud revenue. Meta’s stock fell 8.3% after Q2 free cash flow declined by 91%. On-chain data shows mixed sentiment ahead of the market open.
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