The NASDAQ index is trading at a new all-time high, up 95 points (0.41%) at 23,117.55. The S&P 500 is also higher by 26 points (0.39%), while the Dow industrial average leads with a gain of 270 points (0.60%).
Despite the broader strength, Meta shares are lower today. On Monday, the stock fell to a low of $690.51, briefly dipping below a swing support from July near $691.65 before buyers stepped in. That rebound carried price sharply higher, with today’s early surge hitting $735.37 within the first five minutes of trade. At that point, Meta briefly broke above its falling 100-hour moving average at $734.74, but the move quickly failed.
The stock is now trading at $731.50, down -$2.00 (-0.27%).
Technically, the Monday low confirmed support at a key level, while today’s high has so far reinforced resistance at the 100-hour MA, creating a tug-of-war. If sellers can hold the line, downside pressure could build
