India, Oct. 22 -- The major U.S. index futures are currently pointing to a sharply lower open on Thursday, with stocks likely to give back ground after trending higher over the past few sessions.
Traders may look to cash in on yesterday's rally by tech stocks amid a negative reaction to earnings news from mega-cap companies Tesla (TSLA) and Meta Platforms (META).
Shares of Tesla are tumbling by 3.6 percent in pre-market trading after surging by 3.8 percent on Wednesday even though the electronic vehicle maker reported better than expected third quarter results.
Facebook parent Meta Platforms is also slumping by 2.7 percent in pre-market trading despite reporting third quarter revenues that exceeded estimates and providing upbeat guidance...