Wall Street Closes Higher; Tesla and Meta Platforms Lead Gains
Stocks advanced in a volatile session, influenced by a U.S. GDP report and anticipation of quarterly earnings.
All three major Wall Street indices closed higher on Thursday. The session was marked by uncertainty, as investors digested the latest U.S. Gross Domestic Product (GDP) report while awaiting corporate earnings results.
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The Dow Jones Industrial Average, which tracks 30 major corporations, gained 0.38% to 44,882.13 points. The S&P 500, representing the largest companies, rose 0.53% to 6,071.17, while the tech-heavy Nasdaq Composite added 0.25% to close at 19,681.75.
The first estimate of U.S. GDP growth for the fourth quarter came in below analysts’ expectations, rising 2.3% instead of the forecasted 2.6%. Meanwhile, initial jobless claims fell by 16,000 to 207,000.
Corporate News: Microsoft and Azure
In corporate earnings reactions, Tesla (+2.87%) and Meta Platforms (+1.55%) surged after exceeding analysts’ expectations. However, Microsoft (-6.18%) declined sharply due to disappointment over its Azure cloud business.
So far, there have been no significant updates regarding DeepSeek’s emergence. However, in recent days, Alibaba introduced its own artificial intelligence model, claiming it to be more powerful than those from OpenAI and DeepSeek.
In this context, Nvidia’s stock remained stable, closing with a 0.77% gain at $124.65 per share.
After the market closed, Apple (-0.74%) extended its losses to over 1% as investors analyzed its earnings report. The company posted a 4% annual revenue increase to $124.3 billion, falling short of the expected $124.99 billion.
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