Meta Platforms and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies, but drops for Nvidia and Microsoft are keeping the market in check. The S&P 500 was up 0.1% in midday trading, as 4 out of every 5 stocks in the index climbed. Meta Platforms was one of the stronger forces pushing upward on indexes after rising 1.5%.
An American Airlines plane with 60 passengers and four crew members on board collided with a military helicopter near Washington, D.C., on Wednesday night, plunging into the Potomac River.
The ECB delivered another 25bp cut, taking the deposit rate down to 2.75%.