S&P 500 Gains Over 1%; Amazon Earnings Top Expectations



U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 1.8% on Friday.

The Dow traded up 0.49% to 38,705.29 while the NASDAQ rose 1.81% to 15,639.81. The S&P 500 also rose, gaining, 1.20% to 4,965.03.

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 1.9%.


Top Headline


Amazon.com, Inc. (NASDAQ: AMZN) posted stronger-than-expected results for its fourth quarter.

The company said it sees first-quarter revenue to be between $138 billion and $143.5 billion versus estimates of $142.13 billion. Operating income is expected to be between $8 billion and $12 billion in the first quarter.


Equities Trading UP


Intelligent Bio Solutions Inc. (NASDAQ: INBS) shares shot up 101% to $4.84.
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 24% to $16.19. Tyra …

Full story available on Benzinga.com


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