Stock Market Today, April 30: Meta Falls as Higher AI Capex Outlook Overshadows Strong Q1 Results
2026-04-30 17:56:44 ET
Meta Platforms (NASDAQ:META) , a social media and virtual reality company, closed Thursday at $611.91, down 8.55%. Shares dropped after Q1 results paired strong revenue and EPS beats with sharply higher AI and infrastructure capex guidance, and investors are watching how rising spending and softer user trends affect future AI monetization.
The company’s trading volume reached 52.6 million shares, which is about 218% above compared with its three-month average of 16.2 million shares.
The S&P 500 (SNPINDEX:^GSPC) added 1.08% to finish at 7,209.1, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.89% to close at 24,892. Within social media and advertising, industry peers Alphabet (NASDAQ:GOOGL) closed at $381.4, up 9.97%, and Snap (NYSE:SNAP) ended at $6.07, rising 1.51%, highlighting mixed reactions across platform stocks.
NASDAQ: SNAP
SNAP Trading
3.07% G/L:
$6.045 Last:
18,773,570 Volume:
$6.02 Open:
