Stocks are rising on Wall Street, even as President Donald Trump’s latest tariffs kicked into effect on dozens of countries. The S&P 500 was 0.5% higher in early trading Thursday and sitting just a bit below its record,

Wall Street's main indexes were poised for a strong start on Thursday, buoyed by optimism that major technology companies could avoid U.S. President Donald Trump's latest tariffs on chip imports.

Helped by higher advertising and a growing user base on its social media platforms, Meta earned $18.34 billion in the quarter, a 36% increase over the same quarter a year ago. Revenue jumped 22%.