Post-Earnings Pop Sends Facebook to Fresh Highs

Apple (AAPL) and Facebook (FB) recorded blowout earnings

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Schaeffer's Market Recap
4/29/2021
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Dow Finishes Tumultuous Day with Triple-Digit Lead


By: Laura McCandless

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 tech-laden Nasdaq modestly higher, while the S&P 500 Index snagged a fresh record intraday high. Today also marked U.S. President Joe Biden's 100th day in office, and investors were still digesting his comments regarding the $2 trillion infrastructure and $1.8 trillion children, family, and student plans.

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

  • AAPL extends rally on upbeat quarterly report
  • Behind Facebook stock's surge to record highs after earnings. 
  • Plus, the fundamentals behind NWL; options bulls target QCOM; and EBAY falls on forecast.  
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