Wall St rises as Meta earnings offset GDP worries

Published by
Reuters

By Bansari Mayur Kamdar and Devik Jain (Reuters) -Wall Street’s main indexes rose on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter. The Facebook parent rose 14.3% after it reported a stronger-than-expected profit and the social-networking site eked out user growth. Seven of the 11 major S&P 500 sectors advanced by mid-day on the penultimate trading session of the month, with technology and communication services leading gains. Apple Inc, the world’s most valuable…

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