Econ Recaps
Econ Recaps
Corben Benda
6/17 Recap: Meta Platforms JUMPS, COVID Challenges Hotels | Latest News and Earnings Analysis
6 minutes Posted Jun 16, 2023 at 1:57 am.
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Good evening investors! Today's market recap: S&P 500 gained 1.2% to $4,425.84. Meta Platforms received a boost, positioned to benefit from AI. Hotel chains faced COVID challenges. Initial jobless claims came in at 262K. Intel set to receive $11B in subsidies. Oracle announced layoffs. Disney CFO stepped down. Kroger beat earnings estimates, but stock declined. Adobe surpassed revenue expectations. Stay tuned for more updates!