“Stock prices rise after Meta’s earnings and US economic data release – Wall Street update”

Stock prices rose on Wall Street on Thursday after good earnings from Facebook’s parent company Meta and the publication of various US economic data.

Meta’s share price rose about 14% after the company’s report of $5.7 billion in first-quarter profit brought relief to the market.

That “Meta” gain, along with news earlier in the week about Microsoft’s and Alphabet’s gains, “helped create relief that [tehnoloģiju nozares] the big leaders still show a relatively good performance from an operational point of view and maintain their position as market leaders,” admitted “Briefing.com”.

In European and Asian stock exchanges, share prices moved in different directions.

The share price of the US bank “First Republic Bank”, which had fallen significantly the previous two days, rose by 8.8% on Thursday. Share prices of other US regional banks also rose.

Oil prices rose slightly after Wednesday’s decline.

The Dow Jones Industrial Average rose 1.6% to 33,826.16 on Thursday, the Standard & Poor’s 500 rose 2.0% to 4,135.35, and the Nasdaq Composite gained 2.4% to 12,142.24 points.

London’s FTSE 100 fell 0.3% to 7,831.58 on Thursday, Frankfurt’s DAX 40 rose less than 0.1% to 15,800.45 and Paris’ CAC 40 added 0.2% to 7483.84 points.

WTI crude oil rose 0.6% to $74.76 a barrel in electronic trading on the New York Stock Exchange on Thursday. “Brent” crude oil price on the London Stock Exchange rose by 0.9% to 78.37 dollars per barrel.

The price of natural gas in the Dutch “Title Transfer Facility” (TTF) exchange increased by 1.27% to 39.04 euros per megawatt hour on Thursday.

The euro fell from $1.1041 to $1.1033 per euro on Thursday, the British pound rose from $1.2469 to $1.2498 per pound, and the dollar rose against the Japanese yen from 133.67 to 134.02 yen per dollar. The euro fell against the British pound from 88.55 to 88.24 pence per euro.