META Jan 2025 180.000 put
| Previous close | 0.1300 |
| Open | 0.1300 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 180.00 |
| Expiry date | 2025-01-17 |
| Day's range | 0.1300 - 0.1300 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.54k |
- Yahoo Finance Video
Jobless claims data, market volatility, China stocks: Morning Brief
On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith analyze the market and report on some of the biggest stories of the trading day. All three of the major indexes (^DJI,^GSPC, ^IXIC) opened lower on Thursday amid the latest labor market data and increasing Middle East tensions. Initial jobless claims for the week ending September 28 rose to 225,000, slightly above the estimated 221,000. Oil prices (CL=F, BZ=F) are continuing to spike as tensions boil between Israel and Iran. US stock markets are experiencing a period of heightened volatility, driven by a variety of factors including Hurricane Helene, the upcoming US presidential election, and escalating Middle East tensions. The Wealth Consulting Group's chief market strategist Talley Léger acknowledges that markets have been hit by numerous events that could potentially unsettle investors, questioning, "when are they perfectly certain?" However, he notes that such turbulence is a common occurrence in financial markets, adding that "through it all, the stock market has continued its inexorable march forward." Due to this dynamic, Léger advises investors to view market dips as potential buying opportunities. The rotation out of Big Tech has become evident, with the standout "Magnificent Seven" (AAPL, TSLA, GOOG, GOOGL, AMZN, META, MSFT, NVDA) names no longer being the market frontrunners they once were. Roundhill Investments CEO Dave Mazza notes that the Magnificent Seven's market leadership "hit an abrupt stop" in mid-July, fueled by the unwinding of the yen carry trade. While Meta has been the only name to somewhat recover, Mazza believes "it's too early to give up" on the Magnificent Seven. Barton Crockett, Rosenblatt’s senior research analyst, outlines his bullish stance on Meta. “The growth supports the multiple… The bigger backdrop, we think, is that people are getting more comfortable with Meta’s strategic positioning. Their investments in AI have yielded improved returns on investment for marketers and better engagement from users, and they've kind of led and developed this direct marketing to kind of small- or mid-sized companies globally. This almost new niche that they've pioneered and owned.” Crockett explains. The Hang Seng (^HSI) ended the day lower after 13 straight days of gains following a wave of stimulus measures aimed at bolstering the country's struggling economy. While JPMorgan has warned investors about the risks of chasing the rally given its high valuations, KraneShares CIO Brendan Ahern argues it's still in the "very, very early innings." With more information about fiscal policy expected from Chinese officials, the rally could continue. He adds, "Instead of looking through the rearview mirror, let's look through the windshield." This post was written by Melanie Riehl
Associated Press FinanceAustrian activist Schrems wins privacy case against Meta over personal data on sexual orientation
The European Union's top court said Friday that social media company Meta can't use public information about a user's sexual orientation obtained outside its platforms for personalized advertising under the bloc's strict data privacy rules. The decision from the Court of Justice of the European Union in Luxembourg is a victory for Austrian privacy activist Max Schrems, who has been a thorn in the side of Big Tech companies over their compliance with 27-nation bloc’s data privacy rules. The EU court issued its ruling after Austria's supreme court asked for guidance in Schrems' case on how to apply the privacy rules, known as the General Data Protection Regulation, or GDPR.
Yahoo Finance UKTrending tickers: Palantir, Meta, Amazon, Wetherspoon and EVgo
The latest investor updates on stocks that are trending on Friday.
