S&P 500 Index Rises Thanks to Big Tech
The S&P 500 Index (SNPINDEX: ^GSPC) surged late in the day Friday, helped along by mega-tech stocks Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Facebook (NASDAQ: FB). The index ended the day up 0.77%. The rally comes despite slow progress by Congress in agreeing on another round of stimulus measures.
Apple, Amazon, and Facebook stocks all surged on Friday after the companies beat analyst expectations dramatically. Apple reported surprise iPhone growth, Amazon generated record profits, and Facebook battled through major headwinds to grow sales by a double-digit percentage.
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Source Fool.com
