Stocks opened higher on Monday to kick off what is set to be a busy earnings week, suggesting the market is regaining momentum after a steep selloff.The S&P 500 Index is down more than 5 percent this month. Geopolitical tensions in the Middle East spooked investors late last week and added to worries closer to home around high inflation that have weighed on the stock market recently.
MetaThings are looking brighter for Facebook and Instagram parent company Meta, which is up around 38 percent year-to-date, making it the second-best performer this year after microchip manufacturer Nvidia. Mark Zuckerberg's company has seen a boost in its advertising business and is capitalizing on AI mania. It recently rolled out the newest version its large language model, Llama 3.
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