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 markets commenced the week strongly, led by gains in the technology sector, which finished 1.4% higher on Monday.
US markets staged a strong recovery after the worst sell-off in three months, with the Nasdaq leading the way on Friday jumping 2.3%.
Both the Dow Jones and S&P 500 finished the week at record highs, while the Nasdaq reversed some recent losses to push higher on Friday.
US markets are in the thick of reporting season, with Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) stock responding to earnings overnight.
US markets snapped their winning streak overnight, the Nasdaq falling 1% with little in the way of news being released to start the week.
Both the S&P 500 and Dow Jones finished the week at record highs, jumping 0.4% and 0.5% respectively on Friday. Here’s the latest.
The US stock markets ended higher overnight. Leading the S&P 500 (INX) and NASDAQ 100 (NDX) was Amazon.com (AMZN) and Tesla (TSLA) stock.
Vanguard US Total Market Shares Index ETF (ASX:VTS) is an exchange-traded fund (ETF) that could be one of the best long-term options.
The ASX 200 (ASX:XJO) is set to open higher on Tuesday. Treasury Wine (ASX:TWE), Santos (ASX:STO) and Nuix (ASX:NXL) shares are making headlines.
