Nasdaq Futures Jump 1.2% as Meta Sheds Over 4% in Weekly Selloff
META•S&P 500 futures climbed 0.8% and Nasdaq 100 contracts rose 1.2% on Monday after the U.S. and Iran agreed to pause hostilities around the Strait of Hormuz. Meta Platforms stock dropped over 4% last week, one of the largest mega-cap declines contributing to a 4.6% slide in the Nasdaq Composite.
1. Futures Rally on Middle East De-escalation
Monday morning saw Dow futures gain 188 points, S&P 500 contracts rise 0.8% and Nasdaq 100 contracts climb 1.2% following a sudden U.S.-Iran agreement to halt hostilities near the Strait of Hormuz, reopening vital oil shipping lanes and easing geopolitical risk.
2. Meta Platforms Endures Sharp Weekly Decline
Meta Platforms shares fell by more than 4% last week, matching declines at Apple and Amazon, and outpaced only by Nvidia and Alphabet’s 8% drops, as the Nasdaq Composite tumbled 4.6% for the week while the S&P 500 lost nearly 2%.
