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NASDAQ:META 3 June 2026 - 22 June 2026
On June 22, 2026, the S&P 500 fell 0.48% and the Nasdaq dropped 1.41%, mainly due to losses in Alphabet and other major tech stocks, while the Dow gained 0.12%. Alphabet shares declined by about 5.5% to 6%, and Meta, Amazon, and Microsoft also saw declines as investors grew concerned. The Dow’s gains were supported by Caterpillar and Visa, offsetting the tech sector’s weakness. On the same day, Meta announced it is handing over WhatsApp to CRED founder Kunal Shah as Meta becomes a minority investor in the Indian fintech. CRED is raising about $900 million in new funding, valuing it at $4.5 billion. In the creator economy, U.S. media budgets are increasingly focused on creator marketing, with ad spending expected to reach around $44 billion in 2026. CoreWeave, an AI cloud company, is set to join the Nasdaq-100 index, which tracks over $800 billion in assets. CoreWeave’s shares have risen 17.3% over the past week. Earlier in June, Meta shares fell after news of executive departures and concerns over AI spending, while SpaceX shares rose on strong options demand and a major buyout. Meta’s AI investments and restructuring have led to internal challenges, and the company’s stock has been volatile as investors weigh the costs and potential revenue from AI initiatives.