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Meta leads Nasdaq 100 gainers with more than 20% increase on the day

Yahoo Finance Video

Yahoo Finance Live anchors discuss the rise in Meta stock following earnings that is buoying tech stocks and major indices.

Video transcript

[AUDIO LOGO]

SEANA SMITH: Let's get you up to speed on this afternoon's market action. It's certainly going to be a busy couple of hours here on "Yahoo Finance Live." You're looking at gains for the S&P and the NASDAQ. The S&P holding onto gains, up just around 7/10 of a percent. You're looking at the NASDAQ outperforming the broader market there, up just around 2%. The Dow now in negative territory, off just about 230 points. We got to take a look at Meta because that is a standout story of the day. The gains there, up just about 23%, helping that sentiment around the tech sector.