US STOCKS-Wall Street surges as Meta Platforms lifts techs, growth stocks
Wall Street rallied on Thursday as a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy's contraction in the first quarter. The Facebook parent rose about 18% after the social network reported a larger-than-expected profit and rebounded from a drop in users. All of the 11 S&P 500 sector indexes rose, led by Communication Services, up 4.08%, followed by a 4.01% gain in Information Technology.
Published:4/28/2022 1:50:09 PM