Wall Street Opens Strong as Tech Stocks Lead Gains

» Published: May 01 2025 at 15:39

Wall Street Opens Strong as Tech Stocks Lead Gains
Photo: Richard Drew/AP/TT

At Thursday's stock market opening, trading on Wall Street is pointing upwards with tech giants as locomotives.

In the initial trading, the broad S&P index is up 0.9 percent, the Dow Jones industrial index is rising 0.4 percent, and the technology-heavy Nasdaq index is climbing 2.0 percent.

Facebook's and Instagram's parent company Meta is rising 6.7 percent, after exceeding expectations for the first quarter on Wednesday. Microsoft also exceeded market expectations and is rising 10.1 percent.

The fast-food chain McDonald's is going in the opposite direction after reporting below market expectations on Thursday and is falling 1.5 percent.

Quarterly reports are expected after the stock market closes from giants Amazon and Apple.

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By TTTranslated and adapted by Sweden Herald
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