LVS - S&P 500 News: Unemployment Falls Facebook Surges on TikTok Competitor MGM Stock Leads Casinos Higher Can Apple Break $2 Trillion Mark?
After spending much of the morning in the red, the S&P 500 Index (SNPINDEX: ^GSPC) gained 20 points, or about 0.6% higher, on Aug. 6. Today's best-performing S&P stock was MGM Resorts International (NYSE: MGM), up 10% on potentially positive news for the casino industry. Social media giant Facebook (NASDAQ: FB) shares jumped 6.5% on news it was launching a TikTok competitor, while Apple Inc (NASDAQ: AAPL) shares gained 3.5%, moving the iGiant closer to a $2 trillion market cap.
In earnings news, shares of telecom provider CenturyLink (NYSE: CTL) gained 7.3% while Bristol Myers Squibb (NYSE: BMY) gained 2.8% after they reported second quarter results.
On the downside of earnings, Western Digital (NASDAQ: WDC) shares got crushed, down 16%, while healthcare equipment suppliers and distributors Becton Dickinson (NYSE: BDX) and Cardinal Health (NYSE: CAH) fell 8.4% and 7.8%, respectively, following disappointing quarterly results.