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 percent Thursday. The Dow Jones Industrial Average rose 0.4 percent, and the Nasdaq composite added 0.3 percent.
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 percent, to 6,071.17.
The Dow Jones Industrial Average rose 168.61 points, or 0.4 percent, to 44,882.13.
The Nasdaq composite rose 49.43 points, or 0.3 percent, to 19,681.75.
The Russell 2000 index of smaller companies rose 24.36 points, or 1.1 percent, to 2,307.45.
For the week:
The S&P 500 is down 30.07 points, or 0.5 percent.
The Dow is up 457.88 points, or 1 percent.
The Nasdaq is down 272.55 points, or 1.4 percent.
The Russell 2000 is down 0.29 points, or less than 0.1 percent.
For the year:
The S&P 500 is up 189.54 points, or 3.2 percent.
The Dow is up 2,337.91 points, or 5.5 percent.
The Nasdaq is up 370.96 points, or 1.9 percent.
The Russell 2000 is up 77.29 points, or 3.5 percent.
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