Newspaper that inspires change. Breaking stories that shake the world. Be informed, Don't Settle for Fake News.

feat shape 1
feat shape 2
feat shape 3

Strong Session: AAPL, AMZN, META & More Report After Hours Earnings

Market activity surged today, with the Dow up +369 points and the S&P 500 +1.25%. Big earnings reports coming tomorrow.

Market activity was exceptionally busy today, with a strong start that gained momentum throughout the day. The Dow closed up 369 points, while the S&P 500 and Nasdaq also finished higher. This rally was fueled by better-than-expected manufacturing data, construction spending, and hopes of a cease-fire in Gaza. S&P Manufacturing PMI for January exceeded expectations, while ISM Manufacturing PMI also showed improvement. Construction Spending also outperformed expectations. Despite no cease-fire in Gaza, earlier reports may have boosted investor optimism.

After the closing bell, the big news was earnings reports from Apple, Amazon, Meta Platforms, and Deckers Outdoor. Apple reported fiscal Q1 results ahead of estimates, but the stock dipped due to weakness in China and missed expectations in certain product groups. Amazon, on the other hand, exceeded expectations on both earnings and revenue, with strong growth in its retail and AWS segments. Meta Platforms reported higher revenues but faced some discrepancies in bottom-line figures. Deckers Outdoor delivered record earnings and revenues, with strong gross margins and reduced inventories during the holiday season.

Looking ahead, the U.S. non-farm payroll data from the U.S. Bureau of Labor Statistics is expected to be the big news tomorrow. With strong economic indicators leading up to this report, there may be room for figures to come in below expectations.

For more information, you can download 7 Best Stocks for the Next 30 Days from Zacks Investment Research.

Share With Others

Comments on Strong Session: AAPL, AMZN, META & More Report After Hours Earnings