Stocks rise in volatile session as traders digest deluge of earnings reports
Stocks rose on Thursday as Wall Street digested recent quarterly results from a slew of megacap tech companies. Investors are coming off a losing session after the Federal Reserve held steady on rates.
The S&P 500 rose 0.3%, while the Nasdaq Composite was trading around the flatline. The Dow Jones Industrial Average gained 147 points, or 0.3%.
Shares of Meta Platforms and Tesla both added 2%, while Microsoft shares dipped 6% after the companies reported earnings. Meta beat on top and bottom lines, but Microsoft shares faltered after the company’s quarterly revenue forecast disappointed. Tesla shrugged off an earnings and revenue miss.
Source: CNBC