Meta Platforms price target raised to $650 from $595 at Cantor Fitzgerald

Financial markets exhibited widespread strength during midday trading, with major U.S. equity indexes advancing across the board led by technology and communications sectors. The NASDAQ 100 climbed 1.16% to 29,441.90, while the SPDR S&P 500 ETF gained 1.06% and the Invesco QQQ Trust added 1.14%. Sector-level performance was dominated by technology, which advanced 1.61% to $188.21, followed by communications at 1.35% and industrials at 1.10%, reflecting broad-based risk appetite across mega-cap equities including Meta Platforms, Apple, Alphabet, and Microsoft. Individual stock movers were highlighted by massive hardware and enterprise tech rallies, with Dell Technologies surging 10.78% to $561.21 and Hewlett Packard Enterprise advancing 9.91% to $60.69. Elsewhere, SPS Commerce jumped 11% following reports of acquisition discussions with private equity firm GTCR. In commodity markets, gold prices increased 1.18% to $4,368.56 per ounce, while crude oil fell 3.97% to trade at $100.00 per barrel amid shifting energy demand dynamics.