FILE – An NYSE sign is seen on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. (AP Photo/Seth Wenig, File)

NEW YORK (AP) — Wall Street is rising after Meta Platforms became the latest Big Tech company to blow past profit expectations and reports painted a mixed picture of the economy. The S&P 500 was 1.1% higher Thursday. Facebook’s parent company was doing some of the heaviest lifting and jumped 14%. Expectations were broadly low coming into this earnings reporting season, in part because of a slowing economy. A report on Thursday suggested the economy slowed even more than expected. But it also showed strength underneath the surface, and Treasury yields rose on expectations the Federal Reserve will see it as resilient enough to hike interest rates next week.