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February 3, 2023 12 min

The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year.

The broader market index jumped 1.47% to 4,179.76, or its best level since August. Meanwhile, the tech-heavy Nasdaq Composite advanced 3.25% to 12,200.82, or its highest level since September. The gains come ahead of a trio of Big Tech results after the bell in Apple, Amazon and Alphabet.

Apple down 3.5% after hours, Amazon down around 5% and Alphabet down around 4.5%. Atlassian down 12%.

ECB and BoE raise rates 0.5%.

USD stronger. Gold drops 2%. Oil down 1.6%.

Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.

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