Formerly Facebook, Meta Platforms (NASDAQ: META) is ‘The Social Network’, with more than 3 billion active users across its three platforms of Facebook.com, WhatsApp and Instagram. It generates most of its revenue from targeted advertising on its platforms. It also owns virtual reality headset company Oculus.
US stock markets were mixed on Monday with the Nasdaq outperforming strongly tech shares such as Facebook (NASDAQ: FB) climbed more than 3%.
US stock markets saw another day of dip-buying with the technology sector leading the way once again, the Nasdaq adding 1.7%.
The S&P/ASX 200 (ASX:XJO) staged a mid-session recovery finishing down just 0.4% on Tuesday as ASX tech shares felt the brunt of the selloff.
The sell-off in US stock markets intensified on Monday despite positive news on COVID-19 treatments, with the Nasdaq down 2.1%.
The Dow Jones continued its winning streak overnight while the teach-heavy S&P 500 and Nasdaq tumbled on a spike in bond yields.
If I was going to manage money for investors (i.e. be a fund manager) I’d probably only do it if I could invest in small-cap shares… and private companies.
US stock markets staged a strong recovery overnight with the tech sector pushing the Nasdaq higher. Facebook (NASDAQ:FB) is in the news.
All three US stock markets finished higher on Thursday, the Dow Jones up 0.4%, S&P 500 up 0.3% and the Nasdaq only slightly at 0.1%.
Appen (ASX:APX) shares are moving higher likely in anticipation of its H1 FY21 results on Thursday. Here’s what I’ll be looking out for.
