🔴 Meta is trading 3.0% down today amid a broad tech selloff and capital spending concerns

Meta is trading 3.0% down at $660.59 as the stock faces pressure from a wider retreat in technology and AI-related sectors.

• The decline follows a sharp pullback from the previous session's close of $681.31, coinciding with a 1.85% drop in the Nasdaq Composite.
• Investor sentiment continues to be impacted by Meta's higher capital spending outlook for 2026, which has weighed on shares since its recent earnings report.
• The move aligns with broader weakness across the semiconductor and high-growth tech space, with no new company-specific catalysts reported today.