Communication services exchange traded funds were among the standout performers on Thursday after Facebook (NasdaqGS: FB) crushed its quarterly earnings expectations. Among the best performing non-leveraged ETFs of Thursday, the Communication Services Select Sector SPDR Fund (XLC) increased 2.8%. Meanwhile, Facebook shares jumped 7.3% on Thursday. FB makes up 22.0% of XLC’s underlying portfolio. Facebook [...] Read more at ETFtrends.com.
Stocks didn't take the most conventional path to gains Thursday, but they climbed the ladder nonetheless as the U.S. economy continued to flex its recovering muscles.
The blue-chip index had a tumultuous day, briefly pulling back from its 200-point lead this afternoon, but eventually finishing the session 240 points higher thanks to blowout earnings from Apple (AAPL) and Facebook (FB). Following suit, Big Tech's impressive session sent the t
The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while Amazon jumped in extended trade following its quarterly report.
Twitter Inc on Thursday reported a surge in sales as ad product improvements pushed revenue past Wall Street targets, joining other big tech digital ad firms such as Facebook Inc and Alphabet Inc's Google whose businesses have proliferated during the coronavirus pandemic.
Twitter Inc on Thursday reported a surge in sales as ad product improvements pushed revenue past Wall Street targets, joining other big tech digital ad firms such as Facebook Inc and Alphabet Inc's Google whose businesses have proliferated during the coronavirus pandemic.
The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon.
Technology stocks were little changed shortly before Thursday's closing bell, with the SPDR Technology Select Sector ETF Thursday slipping less than 0.1% while the Philadelphia Semiconductor Index was rising 0.5% this afternoon, overcoming a morning decline.In company news, Commu
What happenedShares of Facebook (NASDAQ: FB) jumped on Thursday after the company delivered blockbuster first-quarter results. As of 3 p.m. EDT today, the stock price was up more than 7%.
The S&P 500 hit an intra-day record high on Thursday, fueled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon.
Looking at the sectors faring best as of midday Thursday, shares of Financial companies are outperforming other sectors, higher by 1.0%. Within that group, Capital One Financial Corp (Symbol: COF) and Standard and Poors Global Inc (Symbol: SPGI) are two large stocks leading th
Earnings season has hit top gear for the stocks that make up the largest components of the Nasdaq Composite (NASDAQINDEX: ^IXIC). The Nasdaq has been near all-time record highs, but on Thursday, the index pulled back from what appeared to be the beginning of a record run. As of 1
Technology stocks were trading lower, with the SPDR Technology Select Sector ETF Thursday slipping 0.6% while the Philadelphia Semiconductor Index was dropping 0.3% this afternoon, reversing a morning advance.In company news, Citrix Systems (CTXS) fell 7.6% after the workplace co
The S&P 500 hovered near record highs on Thursday, helped by gains in Facebook and upbeat economic data, while the Nasdaq eased as investors locked in profits from certain megacap technology firms.
Blocking a proposed British class action against Google, that alleges it secretly tracked millions of iPhone users a decade ago, risks allowing big firms to behave with impunity, a lawyer told the Supreme Court on Thursday.
Facebook Inc on Thursday said it will give $5 million to pay local journalists in multiyear deals as part of its new publishing platform to help independent writers attract an audience and make money through the social media network.
In early trading on Thursday, shares of Facebook topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.4%. Year to date, Facebook registers a 19.6% gain.
In early trading on Thursday, shares of LKQ topped the list of the day's best performing components of the S&P 500 index, trading up 7.5%. Year to date, LKQ registers a 38.8% gain.
The S&P 500 and Nasdaq indexes hit record levels on Thursday after stellar earnings from Apple and Facebook powered a rally in tech stocks, while upbeat economic data supported bets of a swifter economic recovery.