DJIA, S&P, and Nasdaq All Gain on Tech Resurgence

Jacob Harper |

Markets were up across the board with all the major indices reporting gains on a slew of better-than-expected earnings reports from several key players, as well as some other major positive developments.

The bump comes off a week that saw a significant rebound from the week prior, during which the S&P backed off its all-time high amid a major sell-off in biotech and tech. With the day’s gains, those losses have been largely erased. The S&P is once again nearing its all time high if 1,890, achieved only three weeks previous.

Tech-heavy Nasdaq was the big winner on the day, with Micron Technology (MU) leading the way, continuing its fantastic run with a 5.9 percent gain. Facebook was up 3.9 percent on news of a mobile ad network that could greatly increase revenue. Halliburton (HAL) led the oil and gas sector with a better than expected earnings call, gaining 3.32 percent.

The Dow uptick was led by healthcare. The biggest gain from Pfizer (PFE) who rose 2.02 percent on eventually downplayed rumors that the company had been in talks to buy major competitor AstraZeneca Plc. Johnson & Johnson (JNJ) and Merck (MRK) also rose on the day.

Though the trading day did not incorporate the news, Netflix (NFLX) was up over 7 percent aftermarket on a fantastic earnings report.



Results for April 21, 2014

  • Standard & Poor’s 500: +.38 percent to 1,872 points
  • Dow Jones Industrial Average: +.25 percent to 16,499 points
  • NASDAQ Exchange: +.65 percent to 4,122 points

Our Top Stories

  • Tesla Motors (TSLA) CEO Elon Musk revealed he wants to build a plant in China, ostensibly to eliminate import taxes, but possibly to get closer to the country’s abundant, key raw materials.
  • Senior Editor Joel Anderson makes the case that returning to the gold standard, as many anarcho-capitalists and other libertarians often argue we should, is a ludicrous idea.  

Stocks

   

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Companies

Symbol Name Price Change % Volume
TSLA Tesla Motors Inc. 347.46 -4.46 -1.27 5,397,860 Trade
JNJ Johnson & Johnson 132.63 -0.41 -0.31 4,661,580 Trade
AAPL Apple Inc. 157.50 -0.36 -0.23 27,395,899 Trade
QTNT Quotient Limited 3.58 -0.33 -8.44 337,824 Trade
NFLX Netflix Inc. 166.54 0.45 0.27 7,382,687 Trade
ALDX Aldeyra Therapeutics Inc. 4.25 -0.05 -1.16 7,783 Trade
MRK Merck & Company Inc. (new) 61.49 -0.35 -0.57 8,421,089 Trade
SCYX SCYNEXIS Inc. 1.66 0.01 0.61 223,467 Trade
CYT Cytec Industries Inc. n/a n/a n/a 0 Trade
MU Micron Technology Inc. 30.38 0.76 2.57 31,155,722 Trade
HAL Halliburton Company 38.99 0.30 0.78 8,556,848 Trade
ETIC Eti Intl Inc n/a n/a n/a 0

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