MarketsmithIndia Articles

Dow Jones Futures: Apple, Microsoft Lead Market Rally; Snap, Twitter Surge On Earnings, Chinese Stocks Hit

Posted Date: July 23 2021
Dow Jones futures rose modestly Thursday night, along with S&P 500 futures and Nasdaq futures, as Snap stock and Twitter leapt on earnings, lifting social rivals such as Facebook (FB). U.S.-listed Chinese stocks came under pressure again, with for-profit education firms hammered.
The stock market rally was mixed Thursday, with Apple (AAPL), Microsoft (MSFT) and other megacap techs and software leading the way while small caps and many sectors retreated.
Snapchat parent Snap (SNAP), Twitter (TWTR) and Intel (INTC) reported earnings after the close.
Snap and Twitter earnings crashed views amid booming revenue growth. Snap and TWTR stock surged in overnight trade, signaling possible breakouts. That also gave a lift to Facebook stock and Pinterest (PINS), as well as Google stock, all of which report next week. Facebook and Pinterest stock had flashed bullish reversals from their 50-day lines earlier this week.
Intel beat views but gave mixed guidance. Intel stock fell modestly in extended trade.

What do you think? Please email us any questions or comments.

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

Related Article