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News  ›  Benzinga

Meta Tumbles 10%, Google Marks Historic Rally: What's Moving Markets Thursday?

Benzinga Logo Benzinga By Piero Cingari
Meta Tumbles 10%, Google Marks Historic Rally: What's Moving Markets Thursday?

Wall Street experienced a cautious trading day with mixed tech earnings, following the Federal Reserve's rate decision. Meta dropped sharply after announcing AI spending, while Google celebrated a historic seven-month rally. Chipotle also saw a significant stock decline due to reduced sales outlook.

Insights
WFCpL   neutral

Analyst downgraded price target for Everest Group from $383 to $343, maintaining an 'equal weight' recommendation


META   negative

Stock dropped 10% after announcing substantial AI-related capital expenditures