Meta Platforms Inc FB shares are trading lower by 3.63% at $191.59. Meta Platforms is trading lower amid overall weakness in tech names as market indexes are trading lower on continued volatility. While nonfarm payrolls data came in higher than expected Friday, concerns over Fed rate hikes, inflation and economic health continue to weigh on stocks.
The U.S. added 390,000 jobs in May, beating consensus economist estimates of 325,000 jobs. The U.S. unemployment rate remained at 3.6%, slightly missing the 3.5% level economists had projected. The labor participation rate increased 0.1% to 62.3% and remains below its 63.4% pre-pandemic rate in February 2020... Read More
See Also: Why Tesla Stock Is Falling Today
Meta Platforms is the world's largest online social network.
According to data from Benzinga Pro, Meta Platforms has a 52-week high of $384.33 and a 52-week low of $169.00.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
