The majority of US Stocks steadies after a week of fraught in-and-outs; the whole week was under a strong pressure after President Trump’s announcement of disclosing classified information on his meeting with Russian executives this week. On the other hand, positive data from quarterly reports helped pushed several US stocks after bearish run.
The likes of NASDAQ, S&P 500, and Dow Jones saw incremental increases after having one of the worst weeks in the past couple of months; a massive push from tech companies such as Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Facebook (NASDAQ:FB) helped the stocks to gain some grounds just before the week closes.
US Stocks Stabilize
The NASDAQ Composite Index, which recently suffered a heavy lost, marking its worst one-day decline overtaking June’s result, manages to close 0.07% higher to 43.89 points at 6,055.13. On the other side of the coin, the Dow Jones also saw a bit of silver lining, closing with a convincing 0.3% increase to 56.09 points at 20,663.02. The increase was heavily influenced by the sudden influx of support coming from Wal-Mart's (NYSE:WMT) tremendous quarter performance.
Lastly, the S&P 500 was up by 0.4% to 8.69 points to 2,365.72, it also reported a massive 9 of 11 sectors have closed higher; the telecom, consumer-discretionary, and tech sector took the driver seat in pushing the incredible surge. The spectacular US economic data also pushes gains on Equities and rekindled talks on the most awaited interest rate hike by the Federal Reserve.
Impressive Stocks to Follow
The US tech giants Apple, Amazon, and Facebook managed to have a stellar week with increase pushing stocks on higher grounds, while Wal-Mart leads the increase with 3.2% bump after beating Wall Street forecasts with a massive 63% leap in its online sales this quarter. Alibaba Group Holdings (NYSE:BABA) was also up by 0.5% after falling inches lower on expectations; Pandora Media (NYSE:P) was up 5.5% after a possible acquisition deal surfaces.
Incyte Corp. (NASDAQ:INCY) rose by 6.9% and ImmunoGen (NASDAQ:IMGN) climbs 14% after spectacular results on experimental lung cancer drug. CarMax Inc (NYSE:KMX) is also a stock to look after; it currently sits at 6.2% increase after the news of Wedbush Securities raising their price target to $70. On the other hand, the massive let down was seen on Cisco (NASDAQ:CSCO), stumbling to 7.2% decline after a lackluster quarter performance, followed by another job cuts of around 1,100 employees.
The EU’s Stoxx Europe 600 Index rose by 0.4%, while Japan’s Nikkei continues slump ending 0.09% lower. On the other hand, South Korea’s KOSPI manages to shrug the week’s losses and closes 0.03% higher; and Australia’s ASX 200 index suffered some declines after heavily influenced by the financial and energy sub-indexes, closing at 0.42% lower.