SYTA - Nasdaq Jumps 100 Points; Amazon Posts Upbeat Earnings | Benzinga
U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining more than 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.12% to 32,744.42 while the NASDAQ rose 0.82% to 12,699.50. The S&P 500 also rose, gaining, 0.24% to 4,147.09.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 2.4% on Friday.
In trading on Friday, energy shares dipped by 1.7%.
Top Headline
Amazon.com Inc (NASDAQ: AMZN) reported stronger-than-expected results for its third quarter on Thursday.
Amazon said revenue increased 13% year-over-year to $143.1 billion, versus the consensus estimate of $141.42 billion. The company reported quarterly earnings of 94 cents per share, up from 28 cents per share on a year-over-year basis, beating the consensus of 58 cents.
The company said it sees fourth-quarter revenue between $160 billion and $167 billion.
Equities Trading UP
Apollomics, Inc. (NASDAQ: APLM) shares shot up 142% to $1.3750 after dipping 26% on Thursday. Apollomics announced report of activity of vebreltinib in glioblastoma multiforme with PTPRZ-MET fusion.
Shares of BIO-key International, Inc. (NASDAQ: BKYI) got a boost, shooting 62% to $0.2789 after the ...