US stocks rebound, led by big tech earnings boost

The major US stock indices regained some of Wednesdays lost ground yesterday, fueled by the biggest tech names many of which gained ground on their share prices ahead of delivering impressive quarterly results after market close. On Thursday, Facebook posted record revenue, Amazon almost tripled its profit yearoveryear to 6.3bn, and Google parent Alphabet said that Q3 digital advertising revenue gained 10 versus the same period in 2019. The positive figures came a day after the CEOs of Facebook, Twitter and Alphabet were questioned for hours by a Republicancontrolled Senate committee about their influence in public discourse surrounding the election. In afterhours trading, Alphabet stock jumped more than 6, following a 3.1 gain during market hours. Both Amazon and Facebook fell back slightly in afterhours trading following gains for 1.5 and 4.9 in regular market hours.

Related articles



Please enter your comment!
Please enter your name here

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.

Please Enter Your Email Address:

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Share article

Latest articles

Support for MT 5 on 32bit Windows OS will be discontinued

We would like to inform you that on 18.06.2021, an updated version of the MetaTrader 5 platform build 2980 was released. Due to the...

Changes in debiting and crediting procedure for CDF swaps

Please note that due to implementation of the relevant changes from liquidity providers, the debiting and crediting procedure for swapping CFD instruments will be...

REMINDER Coin reward rates update from July 1, 2021

Following its policy of the gradual cooling off the coin reward rates, Dukascopy Bank would like to inform that starting from July 1, 2021...

FBS Awarded as the Best Forex Broker in Thailand

FBS received the Best Forex Broker Thailand 2021 award in the category Investment, Brokerage Forex Awards. We pride ourselves on being favored by...

Kontes Akbar IB Promo to Reward Most Successful Indonesian Partners

Indonesian Partners can compete in the new FBS promo Kontes Akbar IB. This contest will be exclusive for Indonesia and last from June...