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Wall St Gains As Upbeat Earnings Offset Economy Worries

Wall St Gains As Upbeat Earnings Offset Economy Worries
Wall Street’s main indexes rose on Thursday as a slew of strong earnings updates from companies including Meta Platforms, Eli Lilly and Comcast outweighed data showing the U.S. economy slowed more than anticipated in the first quarter. Meta Platforms Inc (META.O) soared 15.2% after it forecast quarterly revenue above estimate, and as CEO Mark Zuckerberg said AI was increasing traffic to Facebook and Instagram and boosting ad sales. The S&P 500 communication services index (.SPLRCL) rallied 4.6%... Read More
Posted: Apr 27 2023, 15:34
Author Name: vladimirribakov
Views: 102512

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