(Bloomberg) -- Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve U.S. government pressure on the Chinese owner of the video-sharing app.The Trump administration has been weighing whether to direct China-based ByteDance Ltd. to divest its stake in TikTok’s U.S. operations, according to several people familiar with the issue. The U.S. has been investigating potential national security risks due to the Chinese company’s control of the ...
One day after reporting June quarter results, Apple (ticker: AAPL) stock surged 10.5% to $425.04, the stock’s first-ever close above $400. The stock won’t stay there for long, though: The company Thursday declared a 4-for-1 stock split, effective August 31. A big revenue beat: Apple had $59.7 billion in sales in the quarter, up 11% from a year ago, and beating consensus by $7.6 billion.
Earnings from major tech powerhouses helped send the Nasdaq Composite upward, nearly to its record high. Other markets were slower to gain ground, but eventually even the Dow Jones Industrial Average (DJINDICES: ^DJI) pulled itself into positive territory, and the S&P 500 (SNPINDEX: ^GSPC) saw a decent-sized gain to close the week. On a day when big-name tech companies dominated the headlines, it was easy to forget about smaller companies in other industries.
Strong earnings from U.S. technology firms drove Wall Street higher but shares in Europe slid on Friday on doubts about the economic recovery from the coronavirus pandemic, while the dollar rose but still posted its worst month in a decade. The dollar has been weakening amid expectations the U.S. Federal Reserve will be forced to maintain its ultra-loose monetary policy for years, a policy seen as debasing the currency. Apple Inc shares surged to a record closing high of $425, a gain of 10.5% on the day, after blowout quarterly results on Thursday and a four-for-one stock split ...
The S&P 500 Index (SNPINDEX: ^GSPC) surged late in the day Friday, helped along by mega-tech stocks Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Facebook (NASDAQ: FB). Apple, Amazon, and Facebook stocks all surged on Friday after the companies beat analyst expectations dramatically. Apple reported surprise iPhone growth, Amazon generated record profits, and Facebook battled through major headwinds to grow sales by a double-digit percentage.
COMPANY CLOSE UPDATES Terrence Horan Shares of Apple Inc. AAPL jumped 10.47% to $425.04 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP rising 1.
COMPANY CLOSE UPDATES Terrence Horan Shares of Tesla Inc. TSLA shed 3.81% to $1,430.76 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP rising 1.
Shares of cruise and travel industry stocks shrank in end-of-week trading Friday. Car rental stock Avis Budget Group (NASDAQ: CAR) is likewise coasting downhill -- 3.4% -- marking its fifth-straight day of losses. Yesterday, Deutsche Bank kept the bad news coming on that one when it cut its price target on Avis Budget stock by $10, to $24 a share.
The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar. Apple Inc shares surged 10.5% to close at a record $425.04 in the wake of blowout quarterly results and a four-for-one stock split announcement. Google parent Alphabet Inc fell 3.3% though, the biggest drag on the S&P 500 and Nasdaq, as it posted the first quarterly sales dip in its 16 years as a public company.
The markets closed in the green after Friday’s trading session with the stocks erasing loses from earlier in the day. The Nasdaq lead the way with positive results from the technology sector as the big tech companies reported stronger than expected earnings on Thursday. The Final Round panel discusses the latest.
Stocks ended slightly higher Friday, with the S&P 500 and Dow Jones Industrial Average erasing earlier losses in late trade as shares of Apple Inc. built on gains to rally more than 10% after it and other tech giants delivered blowout earnings results the previous evening. The Dow ended with a gain of around 115 points, or 0.4%, near 26,429, according to preliminary figures, while the S&P 500 advanced around 25 points, or 0.8%, to close near 3,271. The tech-heavy Nasdaq Composite jumped around 157 points to finish near 10,745, a gain of 1.5%. For the month, the Dow rose 2.4%, while the ...