The three major U.S. stock indexes rebounded across the board, the Dow rose 600 points

On Thursday, U.S. GDP unexpectedly shrank by 1.4% in the first quarter, turning negative for the first time since mid-2020. However, driven by gratifying corporate earnings reports, the U.S. stock market collectively rose 3%, and the industrial-heavy Dow also rose nearly 2%. The Nasdaq Composite rose 3.06 percent to 12,871.53. The U.S. S&P 500 rose 2.47% to 4,287.50.

The Dow Jones Industrial Average rose 1.85% to 33,916.39.

Last trading day, Twitter announced its first-quarter 2022 results. The financial report shows that Twitter's Q1 revenue was US$1.2 billion, a year-on-year increase of 16%, which was lower than the markets expected US$1.225 billion, and its net profit for the quarter was US$513 million, which was better than the market's expected loss of US$169 million. Apple (NASDAQ:AAPL) announced financial results for the second quarter of fiscal 2022. According to the financial report, Apple's revenue in the quarter was US$97.278 billion, a year-on-year increase of 9%, setting a record for the non-holiday season, and its net profit was US$25.010 billion, a year-on-year increase of 6%. US e-commerce giant Amazon released its first-quarter earnings report. According to the financial report, Amazon unexpectedly recorded a loss of 3.8 billion US dollars in the first quarter. Last year, it recorded a net profit of 8.107 billion US dollars. Net sales in the quarter were 116.444 billion US dollars, a year-on-year increase of 7%, and the slowest growth rate in two decades.