It sucks to be Amazon and should take a backseat when your inventory soars by 7.67% on the day. Nonetheless, it was Meta and Mark Zuckerberg’s day to roar, and roar they did. Share’s of Meta moved up $80.21 or 20.32% after beating expectations, asserting a primary ever dividend, and asserting a $50B buyback of shares.
Meta and Zuckerberg roar
Total, all the key indices moved increased and all three closed increased for the week as nicely. It’s the 4th week in a row increased after beginning the 12 months with a pointy fall. The S&P index within the Dow Industrial Common” levels today.
The final numbers are showing:
- Dow Industrial Average is up 134.56 points or 0.35% at 38654.41
- S&P index is up 52.44 points or 1.07% at 4958.62
- NASDAQ index is up 267.30 points or 1.74% at 15628.94
For the trading week:
- Dow Industrial Average rose 1.43%
- S&P index rose 1.38%
- NASDAQ index rose 1.12%
The small-cap Russell 2000 did not like the sharp rise in yields after the stronger-than-expected US jobs report. As a result,that index fell -11.68 points or -0.59% to 1962.73. For the week, the Russell 2000 fell by -0.788%
The regional bank KRE ETF did advance today by 0.25 points or 0.52% to $48.40, but still closed down by -7.16% in trading this week.
For the trading week which saw 5 of the Magnificent 7 announce earnings (Microsoft, Alphabet, Apple, Meta, Amazon, announce earnings):
- Meta rose 20.51%
- Alphabet-6.44%
- Microsoft rose 1.80%
- Apple-3.39%
- Amazon, rose 7.99%
The other two of the 7, Tesla and Nvidia rose this week. Today Nvidia soared by 4.97%:
- Tesla rose 2.54% despite falling -0.50% today (already announced earnings on January 24)
- Nvidia rose 8.40% (won’t announce earnings until February 21).
One of many greatest excessive flyers this week Tremendous Micro Laptop gave again a few of its positive factors with the decline of – $-3.87 or -0.66%. For the buying and selling week, shares have been up 22.25%.
