U.S. Stocks Open Higher on Thursday; Meta Shares Soar 18%

Tiger Newspress2022-04-28

tocks rose in early trading Thursday as the market tried to recover some ground lost during this month’s sell-off after a strong earnings report from Meta Platforms.

The Dow Jones Industrial Average added about 190 points or 0.6%. The S&P 500 gained 1.3%. The Nasdaq Composite jumped 1.8%.

Shares of Meta surged more than 18% following abeat on earnings, a sign that investors may see signs of relief in the beaten-up tech sector. Shares were down 48% on the year heading into the results.

Meanwhile, shares of Qualcomm gained more than 5% on the back of strong earnings, while PayPal rose roughly 3% despite issuing weak guidance for the second quarter.

McDonald's, Merck, Eli Lilly and Southwest were all higher Thursday after better-than-expected quarterly reports.

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Comments

Newnew
2022-04-29
Newnew
Hi
nanehz07
2022-04-29
nanehz07
Like
oppayong
2022-04-29
oppayong
[Surprised]
tigernaut
2022-04-29
tigernaut
👍
Bspn
2022-04-29
Bspn
Ok
339742f5
2022-04-29
339742f5
ok

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