FCOM is trading at $71.04 (+1.56%) as softer-than-expected July producer inflation eased pressure on interest rates and supported growth-sensitive communication-services companies.
- Headline PPI was unchanged monthly and eased to 4.7% annually.
- Weekly jobless claims rose to 209,000, reinforcing expectations the Federal Reserve may leave rates unchanged in September.
- Broader gains in the S&P 500 and Nasdaq Composite indicate a market-wide risk-on move rather than a Meta-specific reaction.