NEW YORK (TheStreet) -- Facebook (FB) edged lower, despite unveiling a new Android app designed to help emerging markets improve data consumption and performance. Security vendor FireEye (FEYE) rose higher after receiving favorable analyst reports about its partnership with Visa (V). Dish Networks (DISH) soars on talk of a T-Mobile U.S (TMUS) acquisition.
Facebook fell 0.47% to close at $82.05.
The social networking giant dropped, even though it introduced a new Android app designed to attack emerging markets with a potential solution for reducing data consumption and enhancing its performance.
The Facebook Lite app is designed to use less than a half of a megabyte of data, according to a Reuters report. That, in turn, aims to improve the speed and performance of the data, such as Facebook's News Feed, notifications and photos, according to the report. It is currently available in Asia, but will soon expand into Latin America, Europe and Africa.
With this effort, Facebook appears to be leveraging its Internet.org platform plans that is looking to bring 4.5 billion people who don't have Internet access on board, according to the report.
FireEye climbed 0.6% to end the session at $47.95.
The security vendor advanced after analysts responded favorably to its partnership with Visa. Under the deal, FireEye will co-develop software security tools with Visa that is designed to guard against cyberthieves stealing payment information from merchants.
Results of the security monitoring will be shared with Visa merchants, should a hacker attempt to steal a customer's information, according to an Investor's Business Daily report. According to the report, FBR Capital Markets analyst Daniel Ives said the Visa deal may pave the way for similar partnerships with FireEye.