The Globe and Mail reports in its Friday edition that North American stocks rebounded on Thursday as investors looked to a spate of high-profile earnings a day after the U.S. Federal Reserve quashed lingering bets that interest-rate cuts could begin as early as March. A Reuters dispatch to The Globe reports that Globalt Investments manager Thomas Martin says: "There's further digestion of the Fed. It's still a growth market and [Wednesday's] sell-off was an overreaction. So today we're getting a rally." Shares of Meta spiked 14 per cent in extended trading after reporting better-than-expected revenue and declaring its first-ever dividend. Amazon also gained in postmarket trading after its earnings release. Apple dipped in extended trading after profit and revenue beat analyst estimates but China sales missed targets. On Wednesday, Fed Chairman Jerome Powell called a March rate cut "unlikely," resetting market expectations of a dovish Fed pivot in the first quarter, and prompting a steep sell-off. The S&P 500 climbed 1.25 per cent. Analysts now expect total S&P 500 earnings growth of 6.4 per cent year-on-year for the October-December period, an improvement over the 4.7-per-cent growth seen on Jan. 1.