ULH - Dow Surges Over 200 Points; Microsoft Shares Gain Following Upbeat Earnings | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 200 points on Friday.
The Dow traded up 0.57% to 38,303.11 while the NASDAQ rose 2.01% to 15,925.77. The S&P 500 also rose, gaining, 1.14% to 5,106.22.
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Leading and Lagging Sectors
Communication services shares rose by 4.3% on Friday.
In trading on Friday, energy shares dipped by 0.8%.
Top Headline
Microsoft Corp (NASDAQ:MSFT) shares rose more than 2% on Friday after the company posted better-than-expected earnings and sales results for its third quarter.
The company’s revenue increased 17% year-over-year to $61.9 billion, which beat the consensus estimate of $60.804 billion, according to Benzinga Pro. The tech giant reported quarterly earnings of $2.94 per share, which beat analyst estimates of $2.82 per share.
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- Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) shares shot up 78% to $1.2783 after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa.
- Shares of Snap Inc. (NYSE:SNAP) got a boost, surging 26% to $14.41 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue ...