Rubrik comes out of the gate hot on its IPO day, selling a story of protecting data in the age of AI.
Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms. Three other Magnificent Seven stocks, including Alphabet, Amazon.com and Microsoft, finished lower. However, shares of Alphabet and Microsoft were advancing in extended hours trading after both companies reported quarterly results that beat Wall Street estimates.
Meta Platforms tumbles after a disappointing outlook, IBM slumps after revenue misses analysts’ estimates, and Bristol Myers cuts its full-year profit forecast. Microsoft and Alphabet fall ahead of their earnings reports after the close of trading Thursday.