Here are five stocks making huge moves today
(Flickr / Kamyar Adl)
We're in peak earnings season.
In afternoon trading on Friday, these five stocks were making big moves after reporting quarterly results:
Amazon rallied by more than 15% after its earnings blew past forecasts. The company also said Amazon Web Services, its cloud computing business, is doing much better than expected.
Microsoft rallied by up to 10%, beating earnings expectations despite a softer PC market.
Starbucks climbed by up to 5% after the company reported better-than-expected sales for stores open at least 13 months.
Google shares advanced by more than 3%. Despite the company's earnings and revenues missing forecasts, investors seem satisfied with the pace of growth.
Biogen shares fell more by up to 6% because even though profits surged 71%, the biotech company missed on earnings and revenues.
The major stock indexes are little changed in trading after the Nasdaq closed at a record high on Thursday.
Near 1:25 p.m. ET, the Dow was up 33 points, the S&P 500 was up 6 points, and the Nasdaq was up 39 points.
The latest data from oil driller Baker Hughes showed that the number of active oil rigs in the US fell by 31 to 703 this week, the lowest level since October 2010.
And in economic data, headline durable goods orders jumped 4.0%, beating expectations for a 0.6% gain due to robust vehicle and aircraft orders.
Nondefense capital goods orders excluding aircraft — an important measure of business spending — unexpectedly fell by 0.5%. Economists were looking for a 0.3% gain.
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