The US indices were led in today's session by the surge in the Meta stock which grew more than 6%.

The US indices stacked some gains in today's sessions as Meta led the way causing a bounce back within the tech stocks. Meta Platforms surged more than 6% to lead tech higher as the tech giant is supposedly planning bulky layoffs which may be announced as early as this week. This slightly eases the worries of investors since the firm will continue to push its plan to keep investing in augmented and virtual reality.

Just as the US midterm elections are around the corner, the Dow Jones grew 1.31%, the Nasdaq gains 0.85% and the S&P 500 was up 1%.

More on tech, Alphabet and Microsoft grew more than 2% which also supported the sentiment. Meanwhile, Apple stopped production of the iPhone 14 reportedly blaming Covid restrictions in China.

The dollar stumbled in the trading session, but that hasn’t caused any upsets as inflation data and midterms are approaching.

Republicans are expected to take control of the House in the midterms. However, the bigger downside for the dollar is that if the Republicans secure control of both the House and the Senate, it would indicate a ‘hamstrung’ administration incapable of delivering fiscal support in a downturn.

In corporate news, Palantir Technologies released a mixture of data, earnings were missed but revenue beat analysts' expectations. Nevertheless, shares fell sharply by 11%.

Berkshire Hathaway, owned by Warren Buffett, finished the session more than 1% higher after reporting that profit rose by a fifth, which was led by strength in its insurance holdings.

(Sources: investing.com, reuters.com)