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

   

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
TSLA Tesla Motors Inc. 357.97 -5.10 -1.40 11,511,177 Trade
JNJ Johnson & Johnson 145.43 -0.48 -0.33 9,444,459 Trade
AAPL Apple Inc. 168.49 -6.23 -3.57 42,281,631 Trade
QTNT Quotient Limited 6.64 -0.33 -4.73 1,722,007 Trade
NFLX Netflix Inc. 265.14 -17.74 -6.27 12,466,711 Trade
ALDX Aldeyra Therapeutics Inc. 9.23 -0.62 -6.29 254,664 Trade
MRK Merck & Company Inc. (new) 76.72 -1.65 -2.11 12,622,990 Trade
SCYX SCYNEXIS Inc. 0.61 -0.01 -2.37 556,622 Trade
CYT Cytec Industries Inc. n/a n/a n/a 0 Trade
MU Micron Technology Inc. 35.31 -2.36 -6.26 30,619,815 Trade
HAL Halliburton Company 29.68 -0.11 -0.37 14,265,736 Trade
ETIC Eti Intl Inc 0.00 0.00 0.00 0

Comments

Can the Media Solve the Partisan Conflict?

Andrew McCarthy, Contributing Editor, The National Review; Michael Zeldin, CNN Legal Analyst; Celeste Katz, Senior Political Reporter, Glamour; Silvia Davi, SVP, Contributing Editor, Equities.com; and Doug Simon, CEO, D S Simon Media discuss how the media’s role has shaped the landscape for communicators and what the media is trying to do to reduce discord in society.

Emerging Growth

Invictus MD Strategies Corp

Invictus MD Strategies Corp is focused on two main verticals within the Canadian cannabis sector under the Access to Cannabis for Medical Purposes Regulations having investment in Acreage Pharms Ltd.,…