5 Leveraged ETF Winners on S&P 500's Best Week Since November [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance
The S&P 500 advanced 2.7% last week, the Dow Jones inched up 0.7% and the Nasdaq jumped 4.2%. Let's highlight the key events of the last week. Best Week for “Magnificent Seven” Since November The batch of tech giants known as the “Magnificent Seven” regained some of its momentum at the end of the week, following positive earnings reports from Google-parent Alphabet GOOGL and Microsoft MSFT. Alphabet which gained 11.3% last week on the back of upbeat earnings, became the fourth U.S. company to reach the $2-trillion market cap milestone. On the other hand, Facebook-parent Meta (Meta) offered downbeat revenue guidance and saw shares slumping 9.4% last week. Tesla TSLA gained 19.7% on future affordable EV plans despite the Q1 miss. Most tech companies' promise to spend big on the AI revolution boosted the NVIDIA NVDA stock, which jumped 12.3% last week. Meanwhile, MSFT, Amazon (AMZN) and Apple AAPL recorded modest gains of 1.6%, 1.5% and 2.1%, respectively. Alphabet, Amazon, App
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- 5/14/24 - Form PX14A6G
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- META's page on the SEC website