Straits Times Index
3,264.53 -35.51 (-1.08%) S&P 500
5,181.39 -6.31 (-0.12%) Dow
38,965.04 +80.78 (+0.21%) Nasdaq
16,281.78 -50.77 (-0.31%) Bitcoin USD
62,520.63 -888.56 (-1.40%) CMC Crypto 200
1,324.09 +29.42 (+2.27%)
META May 2024 385.000 call
| Previous close | 55.41 |
| Open | 65.33 |
| Bid | 65.50 |
| Ask | 68.75 |
| Strike | 385.00 |
| Expiry date | 2024-05-03 |
| Day's range | 64.70 - 67.75 |
| Contract range | N/A |
| Volume | |
| Open interest | 33 |
- Yahoo Finance Video
It's time to be 'selective' with Big Tech: Nuveen CIO
Several 'Magnificent Seven' names have announced major investments in AI technology after reporting strong earnings. Yahoo Finance Anchors Brian Sozzi and Akiko Fujita are joined by Nuveen CEO Saira Malik at the Annual Milken Global Institute Conference to discuss whether there has been an overallocation in Big Tech names, leading to possible underperformance. "I think it's the year of being selective, and you saw that last week with Meta (META), which actually put up a good quarter with 27% revenue growth. But the whisper numbers were for 30% revenue growth. Stock goes down because it's over over-owned. Now you look at Apple (AAPL), where if you look at the fundamentals of the quarter, it's more about the next iPhone cycle seasonality, trade. But the stock was under-owned. So Apple goes up. So I think that crowding in these tech stocks is important for these stocks," Malik tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Yahoo FinanceThe challenges facing TikTok as it confronts the US in court
TikTok made good on its promise to sue the US over a new law that could result in a ban of the video app in America. Its claims face a number of hurdles in US courts.
ReutersTurkey's competition board to fine Meta $37.2 million in data-sharing probe
Turkey's competition board fined Meta Platforms 1.2 billion lira ($37.20 million) on Wednesday after concluding two separate investigations on data-sharing in its Facebook, Instagram, WhatsApp and Threads platforms. The board launched an investigation into Meta in December over a possible violation of competition law by linking its social media platforms Threads and Instagram.
