Stocks (^DJI, ^IXIC, ^GSPC) reversed course throughout Wednesday and ended up closing the session lower. The Nasdaq Composite fell by over 180 points. Market Domination Overtime Host Julie Hyman reviews the day's trading activity, eyeing the performance of tech leaders Nvidia (NVDA) and Snap Inc. (SNAP). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
As the first quarter earnings season progresses, analysts at JPMorgan (JPM) have taken a bullish stance on the internet sector. The investment bank is particularly positive about names like Netflix (NFLX), Meta (META), and Uber (UBER). However, JPMorgan's top pick among the group is Amazon (AMZN), which the firm calls its "best idea" for 2024. Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Meta Platforms CEO Mark Zuckerberg on Monday won the dismissal of some claims in a dozen lawsuits accusing him of concealing from the public that Facebook and Instagram were harmful to children. The ruling by U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, came in the sprawling litigation by children pursuing hundreds of lawsuits accusing Meta and other social media companies of addicting them to their platforms. Twenty-five of those cases sought to hold Zuckerberg personally liable, saying Meta's billionaire founder created a false impression about the platforms' safety despite repeated warnings they were unfit for children.