Meta Platforms and Tesla helped lead most U.S. stocks higher following a rush of profit reports from some of the country’s most influential companies.
The S&P 500 climbed 0.5% Thursday. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite added 0.3%.
Meta and Tesla both rallied following their latest earnings reports and hopes for more growth. Microsoft kept indexes in check after reporting weaker growth than expected in its cloud-computing business. Treasury yields eased a bit after a report indicated the U.S. economy grew at a solid pace in the last quarter of 2024, but slightly slower than expected.
On Thursday:
The S&P 500 rose 31.86 points, or 0.5%, to 6,071.17.
The Dow Jones Industrial Average rose 168.61 points, or 0.4%, to 44,882.13.
The Nasdaq composite rose 49.43 points, or 0.3%, to 19,681.75.
The Russell 2000 index of smaller companies rose 24.36 points, or 1.1%, to 2,307.45.
For the week:
The S&P 500 is down 30.07 points, or 0.5%.
The Dow is up 457.88 points, or 1%.
The Nasdaq is down 272.55 points, or 1.4%.
The Russell 2000 is down 0.29 points, or less than 0.1%.
For the year:
The S&P 500 is up 189.54 points, or 3.2%.
The Dow is up 2,337.91 points, or 5.5%.
The Nasdaq is up 370.96 points, or 1.9%.
The Russell 2000 is up 77.29 points, or 3.5%.
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