By Liz Moyer

Investing.com — U.S. stocks open higher after tech companies led By Meta Platforms Inc. (NASDAQ) reported positive results. This allowed investors to get over negative economic reports.

The ET was up 0.4% or 145 points at 9:43 am, with the rising 0.7% and 0.9% respectively.

Shares of Meta, the parent of Facebook, bounced 14% in premarket trading on Thursday after it reported a better than expected rise in users in the quarter and at least didn’t disappoint on revenue. Based on the growth trends, it said that investments would be slowed in certain areas.

However, investors were prepared for the worst. The tone for the weekend will be set by reports coming from Apple Inc (NASDAQ :), Amazon.com Inc(NASDAQ 🙂 and other sources.

It was another problem in the quarter’s first quarter. The reading was negative at 1.4%. This is below the 1.1% growth forecast. The previous 6.9% figure was well under it. However, high inflation could be responsible for this negative reading. 

Next week, the Federal Reserve will meet to address this issue and raise interest rates by half-point.

In early trading, oil prices were flat. The barrel was around $101.95, with crude up 0.2% at $104.77. was flat at $1.888 per ounce.