Meta's shares slide despite earnings beat, ServiceNow surges on positive report

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Meta's shares slide despite earnings beat, ServiceNow surges on positive report
Credit: © Reuters.

Today, the US stock market opened with mixed results as the Dow Jones Industrial Average remained steady while both the S&P 500 and NASDAQ Composite experienced slight dips. The S&P 500 fell by 6.56 points to 4180, and the NASDAQ Composite declined by 14.81 points to 12806.

Simultaneously, US debt market yields saw a decrease across various maturities. The 2-year yield stood at 5.087%, the 5-year yield at 4.864%, the 10-year yield at 4.921%, and the 30-year yield at 5.062%.

In corporate news, Meta Platforms Inc (NASDAQ: META ).'s (NASDAQ:FB) shares tumbled $11.03 to $288.53 today, despite reporting an earnings per share (EPS) and revenue beat in their recent financial results. The decline in share price was attributed to weak guidance provided by the company for future performance.

On the other hand, shares of ServiceNow Inc. (NYSE:NYSE: NOW ) surged $40.88 to $571 following their positive earnings report. This stark contrast in performance between Meta and ServiceNow highlights the varying impacts of corporate earnings reports on individual stock prices within the broader market landscape.

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