--- title: 'Stock Market Today: Tech Shares Rally With Meta and Alphabet Up Big' description: 'Major tech stocks were up Thursday: Shares of Facebook-parent Meta, Alphabet, Apple, Amazon and Tesla all were up big at market closing.' authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 600 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2023-02-02T21:15:33.000Z' modified: '2024-01-10T17:49:02.000Z' section: Economy and Politics tags: - News - stocks word_count: 336 canonical: https://money.com/tech-stocks-rise-meta-alphabet-amazon/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![People posing in front of Facebook sign](https://img.money.com/2023/02/News-Tech-stocks-High.jpg) Tech stocks are mounting quite the comeback so far in 2023, and shares of Facebook-parent Meta, Alphabet, Amazon, Apple and Microsoft all jumped higher today. [Meta](https://money.com/how-to-buy-facebook-stock/) led with a massive day, after earnings beat expectations and the Federal Reserve announced a [smaller rate hike](https://money.com/fed-interest-rate-hike-february-2023/) Wednesday. Meta ended Thursday up more than 23% after the company reported surprisingly high revenue numbers and announced a stock buyback. Executives said Meta is finally making progress boosting advertising revenue after a tough year in 2022, when companies cut marketing budgets amid economic uncertainty. ## Why it matters Tech stocks are bouncing back after they [performed terribly](https://money.com/why-are-tech-stocks-down-2022/) last year and proved to be particularly sensitive to the [Fed's rate hikes](https://money.com/fed-interest-rate-hike-december-2022/). The tech-heavy Nasdaq ended the year down 33% and had an even worse year than the [S&P 500](https://money.com/how-to-invest-in-sp500/), which fell 19% over the course of 2022. - Investors are becoming more bullish on tech stocks, in part due to expectations that there won’t be more major interest rate hikes this year following the smaller [25 basis point increase the Fed announced](https://money.com/fed-interest-rate-hike-february-2023/) Wednesday. - [Amazon](https://money.com/how-to-buy-amazon-stock/) and Google-parent [Alphabet](https://money.com/how-to-buy-alphabet-stock/) were up more than 7% at closing on Thursday, Microsoft was up more than 4%, and [Apple](https://money.com/how-to-buy-apple-stock/) and [Tesla](https://money.com/how-to-buy-tesla-stock/) were up more than 3%. - Overall, the Nasdaq rose more than 3% Thursday and it’s up more than 17% so far this year. ## What's next The tech sector could have another volatile day Friday with Amazon, Alphabet and Apple’s quarterly earnings coming out Thursday afternoon. *\[**UPDATE:** After the market closed on Thursday, shares of Amazon, Alphabet and Apple all dropped, falling in the neighborhood of 3% to 5%.\]* ## Bottom line Tech stocks outperformed the rest of the market on Thursday and continued their impressive 2023 rally in the face of ongoing challenging macroeconomic conditions that the sector's giants have cited as they've explained recent [layoffs](https://money.com/twitter-big-tech-companies-layoffs/). ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/tech-stocks-rise-meta-alphabet-amazon/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Stock Market", "item": "https://money.com/stock-market/" }, { "@type": "ListItem", "position": 4, "name": "Stock Market Today: Tech Shares Rally With Meta and Alphabet Up Big" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/tech-stocks-rise-meta-alphabet-amazon/#webpage", "url": "https://money.com/tech-stocks-rise-meta-alphabet-amazon/", "name": "Stock Market Today: Tech Shares Rally With Meta and Alphabet Up Big", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-02-02T21:15:33.000Z", "mainEntity": { "@id": "https://money.com/tech-stocks-rise-meta-alphabet-amazon/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/tech-stocks-rise-meta-alphabet-amazon/#breadcrumb" }, "dateModified": "2024-01-10T17:49:02.000Z" }, { "@type": "NewsArticle", "headline": "Stock Market Today: Tech Shares Rally With Meta and Alphabet Up Big", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/02/News-Tech-stocks-High.jpg", "width": 2880, "height": 1920, "caption": "News-Tech-stocks-High" } ], "author": [ { "@type": "Person", "name": "Pete Grieve", "url": "https://money.com/author/pete-grieve/", "@id": "https://money.com/author/pete-grieve/#author", "description": "Pete Grieve is a personal finance reporter. 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