The three major US stocks logged robust gains yesterday. US share indices rose as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter. The Facebook parent rose 12.4 percent after it reported a stronger-than-expected profit and the social-networking site eked out user growth.

The Dow Jones Industrial Average index climbed 1.9 percent, the S&P 500 surged 2.5 percent and the Nasdaq Composite jumped 3.1 percent.