Wall St inches higher as Meta earnings offset GDP gloom

Published by
Reuters

By Bansari Mayur Kamdar, Devik Jain and Medha Singh (Reuters) – Wall Street edged higher 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 12.4% 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 in early trading, with technology and communication services leading gains. Apple Inc, the world’s most valuable company, and e-commerce giant Amaz…

Read More