Stock Market Update
17-Aug-26 12:35 ET
Meta Platforms moves lower as social media addiction case looms
Dow -164.29
at 53568.12,
Nasdaq +2.44
at 26752.63,
S&P -13.89
at 7771.87
[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (flat), and DJIA (-0.3%) continue to trade in a stable range.
Shares of Meta Platforms (META 569.16, -20.70, -3.51%) continue to move lower, weighing on the communication services sector (-1.3%). CNBC reports that opening arguments against the company in a child social-media addiction case are set to begin on Tuesday, with some experts saying this could be a "Big Tobacco" moment if Meta is found liable.
