Stock market news today: S&P 500, Nasdaq climb as Fed delivers and Meta jumps

US stocks resumed their rally on Thursday, as upbeat Meta results put earnings center stage again after the Federal Reserve boosted hopes for a September rate cut. The S&P 500 rose 0.4% while the tech-heavy Nasdaq Composite gained roughly 0.4%, after the indexes closed with hefty gains. The Dow Jones Industrial Average edged up about 0.1%.

Read more: 32 charts that tell the story of markets and the economy right now The focus is now on quarterly results, especially from Big Tech names, after Meta's strong report late Wednesday. Shares in the Facebook owner climbed over 8% as the market appraised its earnings beat and signs that solid digital ad revenue will give its AI investments time to pay off. Earnings from Apple and Amazon due after the bell could test the Meta-driven bullishness for techs.

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Stock market news today: S&P 500, Nasdaq futures climb as Fed delivers and Meta jumpsStrong Meta results are keeping bullish tech hopes aloft after the Fed cemented bets on a September rate cut.
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Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
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Stock market news today: S&P 500 futures jump as techs rebound in countdown to FedA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
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Stock market news today: S&P 500 futures surge as techs bounce back on big Fed dayA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
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Stock market news today: S&P 500 edges up in wait for key earnings, Fed meeting kickoffA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
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Stock market news today: S&P 500, Nasdaq inch higher to kick off huge week for marketsInvestors are bracing for a big week filled with a Fed rate decision, the jobs report and Big Tech earnings.
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