- US stocks rose for a third day as traders predicted the Fed's tightening cycle was nearing its end.

- Meta's biggest gain since 2013, fueled by the company's earnings and upbeat outlook, boosted the tech-heavy Nasdaq 100. As it pared some of its gains in the afternoon, the index narrowly avoided entering a bull market from its December low. The S&P 500 finished up more than 1%. Both indices have gained the most ground in the three sessions since November.

- Treasury yields have pared earlier gains, with the 10-year yield hovering around 3.40%. A dollar index rose to its highest level in nearly a month.

- Risk assets have been boosted since late Wednesday, when Fed Chair Powell stated that the central bank has made progress in its inflation battle, despite labor-market data showing tightness, which could add to wage pressures. On Friday, the Labor Department will release its January hiring report.