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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Facebook And Pinterest Shares Are Rising

Pinterest Facebook FB Meta Nasdaq NYSE PINS Pinterest Inc US Federal Reserve

Shares of several companies in the broader technology and social media space, including Meta Platforms Inc (NASDAQ:FB) and Pinterest Inc (NYSE:PINS), are all trading higher amid overall market strength as stocks rebound following Monday's dip. Investors continue to weigh Monday comments from Fed Chair Powell suggesting the Fed would take measures to curb inflation.

Stocks continue to be volatile in recent weeks as investors continue to monitor the Russia-Ukraine conflict and its impact on commodity prices.

See Also: Is Tesla 'About To Have A Big Run'? Why Jim Cramer Says EV Stock Could Lead The Market Higher

Facebook is trading higher by 2.3% at $216.08.

Pinterest is trading higher by 3.6% at $26.44.

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