The Dow Jones fell slightly on Friday morning, while the S&P 500 and Nasdaq fell on the last trading day of April. Shares of Apple (AAPL) and Amazon led the key earnings, reporting late Thursday. Chevron (CVX) and Exxon Mobil (XOM), reported ahead of Friday’s opening, have posted double-digit losses over the past few quarters.
The Dow Jones fell modestly today, while the S&P 500 lost ground on the last trading day of April 2018. Apple led the major company earnings reports, which came out late Thursday evening, and Amazon, which hasn’t performed well this quarter. This, along with several other culled former tech giants such as Cisco Systems Inc., Intel Corporation, Microsoft Corporation. They all improved their performance in recent periods as they continued to recover from some severe setbacks in early 2018. Instead Chevron Corp.’s performance, ExxonMobil Corp.’s performance was slightly less impressive during Q1 2018.
First Quarter Results reports released early Friday AM EDT timeslot within respective sectors NASDAQ Market Site …
The rally attempt caught on Thursday as Facebook’s parent company Meta Platforms Co Ltd grew alongside several other former leaders of the tech giants.
Among the top ETFs, the Innovator IBD 50 ETF (FFTY) was up 1.1% on Thursday, while the Innovator IBD Breakout Opportunities ETF (BOUT) was up by 1.4%. IShares Expanded Tech-Software Sector ETF (IGV) jumped 4%. VanEck Vectors Semiconductor’s ETF (SMH) was up 5.7%.
SPDR S&P Metals & Mining ETF (XME) rebounded by 1.85%, and the Global X U.S. Infrastructure Development ETF (PAVE) by 1.9%. US Global Jets ETF (JETS) was up 2%. SPDR S&P Homebuilders ETF (XHB) jumped 2.8%. The Energy Select SPDR ETF (XLE) gained 3%, with the main components of the shares XOM and CVX. The Financial Select SPDR ETF (XLF) was up 1.3%. The Health Care Select Sector SPDR Fund (XLV) was up 1.4%, with ABBV shares and large Bristol Myers holdings.
Reflecting more speculative stocks, ARK Innovation ETF (ARKK) fell 1.4% and ARK Genomics ETF (ARKG) 3.5%, hitting 24-month intraday lows. The collapse of Teladoc Health (TDOC) weighed on both funds. Tesla stock remains the number 1 holding of Ark Invest holdings.
