Stock Futures Quietly Higher After Mixed Microsoft, Meta Reports

Mixed quarterly reports from Meta Platforms (META) and Microsoft (MSFT) have Dow Jones Industrial Average (DJIA) futures trading just above breakeven this morning, while the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are pointed modestly higher. The Federal Reserve's move to keep interest rates steady remains top of mind.

Investors are also awaiting the latest weekly jobs data. The possibility of government shutdown is also in focus, with the Senate set to vote on the bills today amid disagreements over Department of Homeland Security funding after the killing of U.S. citizen Alex Pretti.

• Upbeat forecast props up chip stock.
• How Seagate Technology stock nabbed record highs.
• Plus, digging post-earnings moves from META, MSFT, and TSLA.

5 Things You Need to Know Today

1. The Cboe Options Exchange saw over 2 million call contracts and more than 1.1 million put contracts traded on Wednesday. The single-session equity put/call ratio rose to 0.57, while the 21-day moving average remained at 0.58. 
2. The shares of Meta Platforms Inc (NASDAQ:META) are 9.9% higher premarket, after the Facebook and Instagram parent beat earnings and revenue expectations for the fourth quarter. The social media name's fiscal first-quarter sales guidance also came in above estimates. META is looking to trim its 11% three-month deficit.
3. Microsoft Corp (NASDAQ:MSFT) stock is down 7.9% before the bell, brushing off a fiscal second-quarter earnings and revenue win, after the Big Tech giant issued a soft operating margin outlook for the fiscal third quarter due to slowing cloud growth. MSFT sports a 21.9% nine-month lead.
4. Tesla Inc (NASDAQ:TSLA) shares are 2% higher in electronic trading, after the EV maker announced better-than-expected earnings and revenue for the fourth quarter. Keeping gains in check is the company's first annual decline in revenue ever. TSLA has added 8.4% in the last 12 months.
5. There's still plenty of economic data due out this week.

European Markets Mixed After Major Earnings

Asian markets finished higher across the board. South Korea's Kospi added 1% after tech giant Samsung boosted the major index with its record-breaking fourth-quarter pop. Elsewhere, Japan's Nikkei inched 0.03% higher. After Hong Kong Hang Seng's choppy trading session, the index jumped 0.4%, while China's Shanghai rose 0.8%.

European stocks are a mixed bag today, as investors weigh a multitude of earnings reports from the region's biggest companies. France’s CAC 40 is trading 0.6% higher, Germany’s DAX is lagging 1.1%, and London’s FTSE 100 is up 0.8%.