Deviation Channel News Today

Meta Platforms (NASDAQ: META) is on the move after reporting earnings yesterday afternoon, with shares rising more than +10% in premarket trading. Revenue for the second quarter came in at $32B vs. the Street’s estimate of $31.06B, while EPS also beat at $2.98 vs. expectations for $2.92.

S&P 500 futures this morning saw a relatively muted reaction to cooler-than-expected Producer Price Index data as another earnings season is about to begin tomorrow with the big banks. In the broader picture, it’s been a good time to be a bull; the /ES has been in an upward channel and is enjoying a nearly +18% rally since logging some relative lows on March 13.