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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