Dow Jumps 320 Points on McDonald’s Earnings, ECB Stimulus Talk
A banner day for stocks ad the Dow notched a gain of 320 points to close at 17,489. The S&P climbed 33 points and the Nasdaq rose 79 points. We had a full plate of digital darlings unleash their latest earnings after the bell.
Amazon (NASDAQ:AMZN) shares soared after hours as a surprise profit torched estimates. Amazon said revenue climbed 23% from this time last year thanks in part to its fast growing cloud computing division.
It was a miss for Microsoft (NASDAQ:MSFT), but signs it's gaining traction in cloud and mobile pushed shares higher after hours.
Google (NASDAQ:GOOGL) beat the "alphabet soup" on earnings! The search giant out performed on profit and revenue in its first report as Alphabet, propelling shares higher after hours.
AT&T (NYSE:T) not phoning it in. The stock climbed after hours as the telecom giant's profit beat estimates and raised its outlook for the year. Its acquisition of DirecTV (NASDAQ:DTV) helped numbers as it added more prepaid mobile subscribers.
Lots of consumer stocks hit all-time highs Thursday as well. Household names like Costco (NASDAQ:COST), Starbucks (NASDAQ:SBUX), Home Depot (NYSE:HD), Pepsi (NYSE:PEP) and Kellogg (NYSE:K) all soared to new heights.
McDonald's (NYSE:MCD) made that list after the fast food chain saw its first growth in same-restaurant sales in two years! And investors were "lovin' it," driving the stock higher to close up 8%.
And not to be left out, Facebook (NASDAQ:FB) touched its second all-time high this week of 99.54.