Facebook followed in Apple's shoes with a blockbuster quarter -- the tech giant delivered a healthy beat on both revenue and earnings per share. The company's daily active users, the ones considered the most valuable by analysts, grew to 890 million, up from 864 million in the third quarter. Mobile ad revenue, as a percentage of total ad revenue, jumped from 53% to 69% in the fourth quarter.
Chip giant Qualcomm also topped Street estimates on both EPS and revenue. Despite the beat, Qualcomm shares tumbled in after hours trading after the company lowered forward guidance for the second quarter citing growing competition in China.
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The markets were in positive territory for much of the day until the Fed statement was released at 2 p.m. ET. While the Fed is maintaining it will be "patient" when it comes to raising rates, the statement did say that economic activity was now "solid" -- an upgrade from "moderate." Head to FOXBusiness.com/OnCall to see what the Fed "whisperer" Jon Hilsenrath thinks is next for the Fed -- and when we could possibly see a rate hike.
Now, here's what's on tap for Thursday: At 8:30 a.m. ET we'll get the weekly initial jobless claims, at 10 a.m. ET we'll get pending home sales. Plus, we'll get earnings from Alibaba, Amazon, Broadcom, Dow Chemical, Ford, Time Warner Cable and Visa.
Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.