Key Takeaways U.S. equities jumped at midday, as tech stocks rallied following strong earnings reports from Microsoft and Meta Platforms.Roblox beat profit and sales estimates and raised its guidance on a gain in bookings and daily active users.

Meta Platforms joined artificial intelligence Goliath Microsoft in reporting better-than-expected quarterly earnings results after the closing bell on April 30. The parent company of Facebook, Instagram,

The trends are impressive. In 2024, Meta's annual revenue surged 22%, and record earnings per share (EPS) of $23.86 marked a 60% increase. Beyond the current stock market turbulence, all indications are that Meta's operational and financial strength is as robust as ever.