Nasdaq Rises Over 200 Points; Apple Posts Upbeat Earnings

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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 200 points on Friday.

The Dow traded up 0.19% to 38,593.49 while the NASDAQ rose 1.55% to 15,600.39. The S&P 500 also rose, gaining, 0.97% to 4,953.70.

Check This Out: Amazon To Rally Over 41%? Here Are 10 Top Analyst Forecasts For Friday

 

Leading and Lagging Sectors

 

Communication services shares rose by 4.1% on Friday.

In trading on Friday, real estate shares fell by 2.3%.

 

Top Headline

 

Apple Inc. (NASDAQ: AAPL) reported better-than-expected earnings and revenue for its first quarter.

The iPhone maker reported first-quarter earnings per share of $2.18 and revenue of $119.6 billion, thanks to record Services revenue and iPhone revenue. However, the company reported a revenue decline in China.

 

Equities Trading UP

 

Intelligent Bio Solutions Inc. (NASDAQ: INBS) shares shot up 80% to $4.34.
Intelligent Bio Solutions said it sees preliminary second-quarter revenue of $0.76 million.

Shares of Tyra Biosciences, Inc. (NASDAQ: TYRA) got a boost, surging 23% to $15.99. Tyra Biosciences announced a $200 million …

Full story available on Benzinga.com


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