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Relief rally on Wall Street after better-than-feared earnings | The Malaysian Insight

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Relief rally on Wall Street after better-than-feared earnings

Following a muted session on European and Asian bourses, US stocks enjoy their best day in weeks on Thursday. – EPA pic, April 28, 2023.

WALL Street stocks shook off recent weakness and powered higher yestersay following strong results from Facebook parent Meta Platforms and mixed US economic data. Shares in Meta surged around 14% as it reported a profit of US$5.7 billion in the first quarter – the latest favourable results by a US tech giant – prompting relief in the market following earlier fears that the sector might sputter.

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