The major stock indices are closing higher, with the NASDAQ index leading the way with a gain of 1.5%.
Meta shares closed higher for the 19th consecutive day after trading down over seven dollars at session lows. Shares of Meta shares are up some 18.6% over the streak and over 24% for the year.
If you think that is good, Applovin is closing up 24% on the day after announcing earnings after close yesterday. For the year, shares are up 45.65% after rising 712.62% last year
S&P index closed just three points short of its record high close of 6118.71.
The final numbers are showing:
- Dow industrial average up 3 44.75 points or 0.77% at 44711.31
- S&P index closed up 63.09 points or 1.04% at 6115.07
- NASDAQ index rose 295.69 points or 1.50% at 19945.64
The small-cap Russell 2000 closed higher by 26.29 points or 1.17% at 2282.18.
Earnings after the close:
- Coinbase Global (COIN) Q4 2024: Net Revenue $2.20B (BEAT; exp. $1.87B). Shares are trading down 1.38%
- Palo Alto Networks (PANW) Q2 2025: Adj. EPS $0.81 (BEAT; exp. $0.78), Revenue $2.26B (BEAT; exp. $2.24B) . Shares are trading down -4.23% in after-hours trading
- Airbnb (ABNB) Q4 2024: EPS $0.73 (BEAT; exp. $0.58), Revenue $2.50B (BEAT; exp. $2.42B). Shares are trading up over 14% in after-hours trading
- Roku (ROKU) Q4 2024: Adj. EBITDA $77.5M (BEAT; exp. $34.9M), Revenue $1.20B (BEAT; exp. $1.15B). Shares are trading up 12.90 points
- Applied Materials (AMAT) Q1 2025: Adj. EPS $2.38 (BEAT; exp. $2.29), Revenue $7.17B (BEAT; exp. $7.14B). Shares are trading up 16%