Shares of Meta Platforms, the parent company of Facebook and Instagram, jumped Thursday. The shares remain off 2025 highs, but have jumped out of the hole into which they’d stumbled in April.

Microsoft and Meta Platforms drove Wall Street higher after delivering profits for the start of the year that were even bigger than analysts expected.

Microsoft and Meta Platforms are leading a rally on Wall Street Thursday after reporting profits for the start of the year that were even bigger than analysts expected. The S&P 500 was 1.5% higher in midday trading and heading for an eighth straight gain,