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By Staff Reporters
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A bipartisan group of 33 attorneys general is suing Meta over addictive features aimed at kids and teens, according to a complaint filed Tuesday in a federal court in California. The support from so many state AGs of different political backgrounds indicates a significant legal challenge to Meta’s business.
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Here is where the major benchmarks ended today:
- The S&P 500 Index was up 30.64 points (0.7%) at 4,247.68; the Dow Jones Industrial Average (DJI) was up 204.97 points (0.6%) at 33,141.38; the NASDAQ Composite (COMP) was up 121.55 points (0.9%) at 13,139.87.
- The 10-year Treasury note yield was down about 2 basis points at 4.815%.
- CBOE’s Volatility Index (VIX) was down 1.51 at 18.89.
Utilities were among the strongest performers Tuesday, with the Philadelphia Utility Index (UTY) rising nearly 3%. Semiconductors and communications services shares were also higher.
Energy stocks were pressured by a more than 2% drop in WTI crude oil futures, which briefly fell under $83 a barrel.
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Filed under: Alternative Investments, Financial Planning, Funding Basics, Glossary Terms, Investing | Tagged: banks, DJIAm, energy, Facebook, gold, inflation, markets, Meta, meta sued, NASDAQ, oil, Russell Index 2000, S&P 500, stock markets, utility stocks, UTY, WTI | Leave a comment »
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