U.S. stocks open higher after Meta earnings, GDP data

U.S. stocks opened higher Thursday after earnings results from Facebook parent Meta Platforms Inc.

and fresh data on economic growth. The Dow Jones Industrial Average DJIA was up 0.3% soon after the opening bell, while the S&P 500 SPX rose 0.6% and the technology-heavy Nasdaq Composite COMP gained 0.9%, according to FactSet data, at last check. The U.S. economy grew at a soft 1.1% annual pace in the first quarter, slower than Wall Street analysts’ forecast for 2% growth in gross domestic product.

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Meta earnings preview: Can Facebook remain resilient amid online-ad downturn?Meta shares have enjoyed a big rally this year, and the company will put its $500 billion-plus valuation to the test Wednesday when it reports results.
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