Stock Market Today: Meta Earnings Spark Major Rally on Wall Street

The Facebook parent's quarterly results overshadowed a worse-than-expected reading on Q1 gross domestic product.

Facebook logo on smartphone with blue background
(Image credit: SOPA Images/Getty Images)

It was a busy day on Wall Street as investors sifted through an onslaught of high-profile earnings reports, including from Facebook parent Meta Platforms (META). 

And despite data that showed slowing economic growth and stubbornly high inflation, all three major indexes jumped out of the gate – and ran higher into the close.  

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.