Microsoft, Alphabet gains set Nasdaq on track for best day since Feb; S&P, Dow also rise [Seeking Alpha]
Meta Platforms, Inc. - Class A (META)
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Source: Seeking Alpha
Moreover, traders bracing for another hotter-than-expected reading on inflation were calmed after the Federal Reserve's preferred price gauge largely matched estimates. The benchmark S&P 500 ( SP500 climbed 1.07% to 5,102.33 points in mid-day trade. Meanwhile, the tech-heavy Nasdaq Composite ( surged 2.01% to 15,924.85 points and was headed for its best day since February 22. The blue-chip Dow ( ) lagged the other two indexes in terms of gains, but was still up 0.44% to 38,252.98 points. Of the 11 S&P sectors, seven were in the green. Communication Services saw an outsized jump of +4%, boosted by Microsoft ( MSFT ) and Alphabet ( GOOG GOOGL The two tech giants on Thursday delivered quarterly results that cemented their dominance in the AI race. Investors took heart from the reports, especially after soft guidance from Meta Platforms ( META ) and its heavy spending on AI had sent alarm bells ringing. The Google-parent's stock in particular clocked a double-digit rise on Friday af
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 4
- 5/2/24 - Form PX14A6G
- META's page on the SEC website