EBAY Cools Off After Earnings

The S&P scored yet another intraday high earlier

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Schaeffer's Midday Market Check
4/29/2021
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Dow Gives Back Gains Amid Profit-Taking Spree


By: Jake Scott

The major benchmarks are modestly higher this afternoon, as investors move to take profits following blowout earnings reports from Apple (AAPL) and Facebook (FB). After an upbeat start to the day, the Dow Jones Industrial Average (DJI) erased most of its gains, though it remains up roughly 21 points. The S&P 500 Index (SPX) is also slightly higher, after earlier logging another intraday high. The tech-laden Nasdaq Composite (IXIC) remains in the black as well, while traders speculate whether Big Tech earnings were already figured into the market.

In other news, Wall Street had a deluge of economic data to dig through this morning. What's more, traders were still reacting to comments from U.S. President Joe Biden's first address to Congress, which took place last night -- the eve of his 100th day in office.

Continue reading for more on today's market, including:

  • Ebay stock hits the brakes on dismal forecast.
  • QCOM reels in bull notes after quarterly win.
  • Plus, options bulls blast Centene stock; FLWS soars on earnings beat; and failed drug trial sinks biopharmaceutical name.
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L.O.C.K. System Predicts Crash Before May


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