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U.S. stocks end sharply higher Thursday, with the Nasdaq Composite leading the way up, as investors plow into technology stocks after earnings from Facebook parent Meta Platforms...
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Yahoo Finance's Ines Ferre joins the Live show to look at markets closing ahead of the bell, as well as the sector action, Nasdaq leaders, and the semiconductor industry...
Continue ReadingWall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy's contraction in the first quarter. The Facebook parent surged 17.6% after the social network reported a larger-than-expected profit and rebounded from a drop in users. Communication services and technology were among the strongest of 11 S&P 500 sector indexes, jumping 4.04% and 3.89%, respectively...
Continue ReadingThe U.S. economy contracted at a 1.4% annual rate in the first quarter, as the trade deficit soared to a record high and inflation began to weigh on consumer demand...
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Facebook reported its first-quarter earnings on April 27, sharing mixed news about its revenue, growth and current investments. In that call, Chief Executive Mark Zuckerberg touched on a number of themes...
Continue ReadingShopify (NYSE: SHOP) shareholders trounced the market on Thursday as their stock gained over 7% by 3 p.m ET, compared to a 2.8% increase in the S&P 500. Shopify's spike was mainly powered by a sharp rebound for many of the hardest-hit growth stocks in the tech industry. Growth and spending are two of the biggest concerns investors have heading into Shopify's upcoming earnings report, set for Thursday, May 5...
Continue ReadingThere’s a lot of confusion about what freedom of speech means in the U.S. Here’s what you need to know...
Continue ReadingThe consultant has taken legal action to ask an internet provider to release identifying details of a person he says is using a fake Facebook account to make defamatory statements about him...
Continue ReadingWall Street stocks rose on Thursday as traders expressed optimism about upcoming quarterly earnings from tech titans Apple and Amazon amid a bruising month of losses. The tech-focused Nasdaq Composite share index had risen 3 per cent by mid-afternoon in New York, following better than expected earnings from Facebook owner Meta on Wednesday after the closing bell. The index is nevertheless on track to fall nearly 10 per cent in April, in what would be its worst monthly performance since March 2020...
Continue ReadingWall Street rallied on Thursday as a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy's contraction in the first quarter. The Facebook parent rose about 18% after the social network reported a larger-than-expected profit and rebounded from a drop in users. All of the 11 S&P 500 sector indexes rose, led by Communication Services, up 4.08%, followed by a 4.01% gain in Information Technology...
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