NASDAQ comes off of premarket highs in early trading
The day after the big 4 reported much better earnings across the board, the US stocks are opening higher but gains are being eroded in early trading. The NASDAQ index which I saw up as much as 220 points implied by the futures in premarket trading is currently up around 120 points. That is still a gain of 1.15% but obviously much lower.
The snapshot of the major indices currently shows:
- S&P index up 12.35 points or 0.38% at 3258.57
- NASDAQ index up 122 points or 1.15% 10709.82
- Dow industrial average up 46 points or 0.18% at 26360.20
As far as the big 4 go, alphabet is the dog. It is trading down $57 or -3.75% at $1480.74. The snapshot of the other 3 are showing:
- Apple, up $22.31 or 5.8% at $407.07
- Amazon up $156 or 5.13% at 3208.54
- Facebook up $16.13 or 6.88% at $250.63
Recall that Microsoft and Netflix have already released their earnings, and so has Tesla. Are there any other stocks?
This article was originally published by Forexlive.com. Read the original article here.