The popularity of virtual reality headsets and its related apps for Christmas boosted Facebook parent company, Meta Platforms's value. — AP Photo/File
Meta Platforms Inc. shares rose on Monday, with the Facebook parent company leading an advance among big-cap technology and internet stocks amid signs of strong demand for its Oculus virtual reality headset during the holiday season.
The stock gained 3.3% and closed at its highest level since Nov 15. US stocks were broadly higher on Monday, with tech names among the leaders, and Meta got a boost after KeyBanc Capital Markets wrote that Oculus was likely a popular gift over the holiday season.
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