The New York Stock Exchange finished higher on Friday, as Microsoft’s rise helped offset declines from Amazon and Apple after disappointing quarterly results.
The Dow Jones index gained 0.25%, or 89.08 points, to 35,819.56 points.
The larger S & P-500 took 8.96 points, or 0.19%, to 4,605.38 points.
The Nasdaq Composite advanced by 50.27 points (0.33%) to 15,498.39 points.
Microsoft shares hit an all-time high and approached a market cap of $ 2.5 billion, topping Apple’s market cap by around $ 2.46 billion.
Apple fell after warning that the impact of supply chain disruptions will be even stronger in the fourth quarter, while Amazon lost ground on forecasting mediocre year-end sales amid a shortage of electricity. workforce.
“The thing to remember today is the resilience of the market, which suggests to me that the trend is still intact,” said David Joy, chief market strategist at Ameriprise Financial in Boston.
At values, AbbVie rose as the drugmaker raised its 2021 adjusted revenue forecast for the third time this year.
Starbucks, on the other hand, plummeted after the coffeehouse chain said it expected its operating margin for fiscal 2022 to be lower than its long-term target.
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