Here's Why Facebook And Pinterest Shares Are Rising

Shares of several companies in the broader technology and social media space, including Meta Platforms Inc FB and Pinterest Inc PINS, are all trading higher amid overall market strength as stocks rebound following Monday's dip. Investors continue to weigh Monday comments from Fed Chair Powell suggesting the Fed would take measures to curb inflation.

Stocks continue to be volatile in recent weeks as investors continue to monitor the Russia-Ukraine conflict and its impact on commodity prices.

See Also: Is Tesla 'About To Have A Big Run'? Why Jim Cramer Says EV Stock Could Lead The Market Higher

Facebook is trading higher by 2.3% at $216.08.

Pinterest is trading higher by 3.6% at $26.44.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading IdeasSectorwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!