By Lawrence Delevingne and Amanda Cooper BOSTON/LONDON (Reuters) -Wall Street shares advanced on Thursday as investors cheered updates from Meta and Tesla , while gold hit a record and the U.S. dollar advanced on potential tariffs.

Stocks rose Tuesday, led by tech. AI fears loom as Meta, Microsoft report earnings. Tesla faces policy risks. Fed decision, major earnings, and government cuts ahead.

Wall Street are pointing mostly higher in premarket trading while more corporate earnings poured in a day after the Federal Reserve opted to leave its benchmark lending rate alone

Good morning. Meta and Tesla shares gain on solid earnings news. The European Central Bank is widely expected to cut rates again. And increasing thefts in Britain are costing retailers billions of pounds.

Tesla, Microsoft, and Meta are reacting to earnings calls overnight, which came in after the bell on Wednesday.

Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle, and SoftBank are leading the newly announced Stargate initiative under President Trump -- a project aiming to invest $500 billion into AI frameworks over the coming years.

Bloomberg's Carol Massar and Tim Stenovec discuss the latest Big Tech earnings featuring Tesla, Meta and Microsoft. They speak with: Bloomberg Intelligence Senior Technology Analyst Mandeep Singh Bloomberg Technology Co-Host Caroline Hyde James Cakmak,

In extended trading, shares of Meta Platforms and Tesla gained nearly 2% and 5%, respectively, while Microsoft shares dipped 4% after the companies reported earnings. Both Meta and Microsoft beat on the top and bottom lines, but Tesla missed expectations.

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher after a rush of profit reports from some of the country's most influential companies

U.S. stocks traded mostly higher on Thursday following the latest batch of corporate earnings and U.S. economic reports. The Dow and S&P 500 were trading higher, but the Nasdaq Composite sank as weakness in a handful of key tech stocks weighed on the index.

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