Dow Jones Rallies As Facebook Soars 18% On Earnings
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The Dow Jones Industrial Average rallied Thursday after Wednesday’s stock market rebound failed. Tech mammoth Meta Stages (FB) soared more than 18%. Meanwhile, PayPal (PYPL), Qualcomm (QCOM) and Twitter (TWTR) were key earnings movers early Thursday. Apple earnings are due after the close. Dow Jones stocks Caterpillar (CAT) and McDonald’s (MCD) detailed earnings ahead of Thursday’s showcase open. Fellow Dow stock Amgen (AMGN) recorded its earnings report late Wednesday.
Facebook-parent Meta Stages detailed better-than-expected first-quarter earnings results late Wednesday, but fell brief on revenue. FB offers taken off more than 18% in morning trade. PayPal met Divider Road profit and sales targets, starting a 4.5% climb in early morning trade. Qualcomm smashed Divider Road views for its financial moment quarter and guided higher for the current period. QCOM shares jumped around 8%.
Twitter reported its quarterly comes about, sending offers almost 1% higher Thursday morning. And electric-vehicle monster Tesla (TSLA) energized around 1% Thursday morning. Among the Dow Jones leaders, Apple (AAPL) rose more than 2% ahead of its profit report, and Microsoft was up 0.7% in today’s stock market. Amid a modern stock market rectification, Dow Jones pioneer American Express (AXP) — along side Expedia (EXPE), Palo Alto Systems (PANW) and IBD Leaderboard watchlist stock World Wrestling Excitement (WWE) — are among Thursday’s top stocks to watch. Microsoft and Tesla are IBD Leaderboard stocks. Expedia and Palo Alto Systems were highlighted in this week’s Stocks Close A Purchase Zone column.
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