Tech stocks soared on Thursday, as investors cheered Meta Platforms’ strong earnings report and the prospect of the Federal Reserve pausing its rate-hiking cycle after July.

Meta Platforms, the parent company of Facebook, reported earnings of $2.72 per share on revenue of $29.01 billion in the second quarter. Both earnings and revenue beat analyst expectations.

Meta’s strong results were driven by growth in its advertising business. The company’s revenue from advertising rose 20% year-over-year to $28.6 billion in the second quarter.

Meta also said that it expects third-quarter revenue to grow by 30% to 31% year-over-year.

The company’s strong results were a relief to investors who were concerned about the impact of privacy changes on Facebook’s advertising business.

The company’s shares have fallen by about 50% since the start of the year, but they are up about 10% in the past month.

The overall market is also on an upswing, as investors are betting that the economy is nearing a bottom.

The S&P 500 index is up about 10% in the past month, and the Nasdaq Composite index is up about 15%.

The market is expected to continue to rise in the coming months, as investors become more confident in the economy.

However, there are still some risks to the market, such as the ongoing war in Ukraine and the potential for a recession.

Overall, the market is optimistic about the future of the economy and is expecting the Fed to take a cautious approach to rate hikes.

This could lead to a sustained rally in tech stocks in the coming months.

In addition to Meta’s strong earnings report, investors were also cheered by the prospect of the Fed pausing its rate-hiking cycle after July.

The Fed raised interest rates by 25 basis points on Wednesday, as expected. However, Fed Chair Jerome Powell said that the central bank is “not on a pre-set course” and that it will be “data dependent” in deciding whether to raise rates further.

Powell’s comments suggest that the Fed is open to pausing its rate-hiking cycle if inflation starts to cool.

This is good news for tech stocks, which are sensitive to interest rates.

Higher interest rates can make it more expensive for companies to borrow money, which can weigh on their earnings.

However, if the Fed pauses its rate-hiking cycle, it could lead to a rally in tech stocks.

Here are some other factors that could boost tech stocks in the coming months:

• Strong earnings reports from other tech companies.
• A decline in inflation.
• A more dovish stance from the Fed.

Overall, the outlook for tech stocks is positive.

The sector is well-positioned to benefit from strong economic growth and rising demand for digital products and services.

However, there are still some risks to the sector, such as the ongoing war in Ukraine and the potential for a recession.

Overall, the market is optimistic about the future of the economy and is expecting the Fed to take a cautious approach to rate hikes.

This could lead to a sustained rally in tech stocks in the coming months.

Meta’s strong earnings report is a sign that the advertising market is still healthy, even as the economy faces some headwinds.

The company’s revenue from its core advertising business rose 20% year-over-year to $28.6 billion in the second quarter.

Meta also said that it expects third-quarter revenue to grow by 30% to 31% year-over-year.

The company’s strong results are a relief to investors who were concerned about the impact of privacy changes on Facebook’s advertising business.

The company’s shares have fallen by about 50% since the start of the year, but they are up about 10% in the past month.

The overall market is also on an upswing, as investors are betting that the economy is nearing a bottom.

**The S&P 500 index is up about 10% in the past month, and the Nasdaq Composite index is up about 15%.