Stocks Climb in Volatile Trading on GDP, Earnings: Markets Wrap
- Major U.S. equity indexes swung between gains and losses
- S&P 500 resumed its advance after briefly turning negative
WATCH: Eli Lee, head of investment strategy at Bank of Singapore Ltd., discusses the current state of markets and where he’s finding opportunity.
Source: BloombergU.S. stocks rose to a record as investors digested the latest batch of corporate earnings and data that showed the American economy gained steam in the first three months of the year.
Amazon.com climbed after hours on a better-than-estimated revenue forecast, while Twitter sank amid a lackluster outlook. In regular trading, Apple wiped out its gains on concern that the iPhone maker may not sustain growth after a blockbuster quarter as it faces a tightening supply of chips. Weak earnings dented Ford and EBay. Facebook held its post-earning gains, surging to a record after its sales dwarfed estimates.