Meta Platforms (NASDAQ:META) , the social platforms and AI-powered digital advertising company, closed at $741.25, up 11.43%. Wells Fargo (NYSE:WFC) raised its price target to $796, and investors are watching AI progress ahead of the Meta Connect annual event this week. Trading volume reached 48.3 million shares, coming in about 157% above its three-month average of 18.8 million shares. Meta Platforms IPO'd in 2012 and has grown 1,839% since going public. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) closed at 7,764, up 1.49%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 27,122, up 2.26%. Among interactive media and social networking software peers, Alphabet (NASDAQ:GOOGL) closed at $354.97, up 1.
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