Nasdaq 100 Rallies After-Hours on Facebook, Chipmaker Earnings

PowerShares QQQ climbs 1.3 percent after exchanges close
This earnings season hasn’t been kind to tech stocks

Bloomberg’s Tom Giles discusses Facebook’s earnings and how the company is going in the right direction again.(Source: Bloomberg)

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By Lu Wang (News) and Jeran Wittenstein

April 25, 2018 at 10:23 PM UTC

This article is for subscribers only.

What started as a depressing earnings season for tech companies is finally showing some signs of hope.

The PowerShares QQQ Trust, the biggest exchange-traded fund tracking the Nasdaq 100 Index, climbed 1.3 percent as of 6:25 p.m. in New York Wednesday, as companies from Facebook to Advanced Micro Devices announced results that beat analyst estimates. Nasdaq 100 mini futures advanced 0.6 percent.