META News & Events

Tensions in the Strait of Hormuz are percolating again as Iranian officials have walked back its messaging of a deal being reached and President Trump upped his bellicose rhetoric, stating that it is unlikely that Wednesday's deadline for ceasefire will be extended.  Oil prices jumped on the news toward $90 per barrel and Energy was the best performing sector in the S&P 500, though the impact on broader sentiment was relatively mild, with U.S. indices finishing lower by less than 0.3%.  Communication Services was the worst performing area of the market as Netflixremained weak after last week's post-earnings selloff and Metaalso turning in the worst performance among the MAG-7.In the opening hour of the evening session, index futures are more upbeat - S&P e-minis are up a decimal and Nasdaq 100 contract is up 0.2%.  Of note afterhours, Amazon.comhas continued its climb toward record highs after announcing an expanded investment in Anthropic.  Applemeanwhile is laying the groundwork for a leadership transition, announcing John Ternus will be the company's next CEO while  Tim Cook transitions to a role of Executive Chairman effective September 1.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RBB Bancorpup 4.2%CNB Financialup 2.0%Flexsteel Industriesup 1.6%Steel Dynamicsup 0.5%NETSTREITup 0.5%ALSO HIGHER -Amazon.comup 2.6% after announcing expanded investment in AnthropicDOWN AFTER EARNINGS -Washington Trust Bancorpdown 7.1%Alaska Air Groupdown 5.4%Zions Bancorporationdown 3.0%AMCON Distributingdown 1.8%ALSO LOWER -Spruce Biosciencesdown 14.2% after equity offeringAXT, Inc.down 11.9% after Q1 pre-announcement, equity offeringApple (down 0.5% after announcing succession plan for CEO Cook

Meta Platforms (META) and CBRE (CBRE) announced LevelUp - a multiyear program to recruit and train thousands of fiber technicians to build Meta data centers in the U.S. CBRE will establish and run multiple training centers across the U.S., starting this summer. Successful graduates will have the opportunity to put their skills to work at Meta construction sites across the U.S. through Meta's network of contractors. This training program addresses the growing shortage of fiber technicians needed to build next-generation data center infrastructure. By preparing new, job-ready technicians, it expands the skilled workforce, increases access to high-quality career opportunities and creates a clear pathway for recent high school graduates. For people looking to start a new career or recent high school graduates exploring options, these jobs offer competitive earning potential in a growing field. CBRE will train thousands of workers to install technical infrastructure, fiber-optic cables, network gear, and other mission-critical equipment at Meta's data center construction sites. The curriculum is designed to be broadly applicable, equipping trainees with skills that are in high demand across the construction and data center industries, and will provide a foundation for long-term, transferable careers in the skilled trades sector.