Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.

On Wednesday after the bell, Meta (NASDAQ:META) reported fourth-quarter results, where it topped forecasts for revenues, profit, and users. Q4 revenues grew 21% year-over-year to $48.39B, easily topping analyst consensus for $46.

Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties