AAPL - Crude Oil Falls 2%; Apple Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining more than 1% on Friday
The Dow traded up 0.90% to 34,144.58 while the NASDAQ rose 1.61% to 13,508.42. The S&P 500 also rose, gaining, 1.24% to 4,371.45.
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Leading and Lagging Sectors
Real estate shares jumped by 3% on Friday.
In trading on Friday, energy shares fell by 1.2%.
Top Headline
Apple, Inc. (NASDAQ: AAPL) reported stronger-than-expected earnings and sales results for its fourth quarter on Thursday.
Apple reported fourth-quarter earnings of $1.46 per share, ahead of the consensus estimate of $1.39 per share. Revenue came in at $89.5 billion compared to the $90.15 billion the tech giant reported a year ago, beating the revenue expectation from analysts of $89.28 billion.
Revenue of $43.805 billion for the iPhone came in below expectations. The Street was anticipating a figure of $44 billion, according to CNBC.
Equities Trading UP
Udemy, Inc. (NASDAQ: UDMY) shares shot up 37% to $12.31 following strong quarterly earnings.
Shares of Qurate Retail, Inc. (NASDAQ: QRTEA) got a boost, shooting 57% to $0.6765 following third-quarter results.
Cooper-Standard Holdings Inc. (NYSE: CPS) shares ...