New Delhi, May 1 -- US stock indices jumped on Thursday, lifted by shares of tech giants Meta Platforms and Microsoft after their strong first quarter results.

At 11:38 AMEDT, the S&P 500 was up 1.42%, the Dow Jones Industrial Average was up 0.95%, the Nasdaq Composite was 2.40% higher.

At the opening bell, the Dow Jones Industrial Average rose 248.7 points, or 0.61%, to 40,918.04. The S&P 500 rose 56.1 points, or 1.01%, to 5,625.14, while the Nasdaq Composite rose 346.8 points, or 1.99%, to 17,793.136.

Shares of Microsoft soared nearly 10% while Facebook parent Meta Platforms surged 5.1% after both the companies reported strong quarterly results on Wednesday.

On Wednesday, the US stocks initially tumbled after a weak GDP data for the...