Wall Street has closed in Significant upside Thursday after a positive earnings report from Meta Platforms lifted previously damaged growth and technology stocks and thwarted concerns about the US economy’s first-quarter contraction.
Shares of the Facebook owner company rose 17.6% after the social network announced higher-than-expected profits and recovered from a drop in user numbers.
Shares of Apple and Amazon also rose more than 4%.
And based on unofficial data, the Standard & Poor’s 500 index closed in rise of 2.47%, closing the session at 4287.50 points.
The Nasdaq Index rose 3.06% to 12,871.53 points, while the Dow Jones Industrial Average rose 1.85% to 33916.39 points.
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