|Bid||12.84 x 3000|
|Ask||12.86 x 900|
|Day's Range||12.73 - 13.04|
|52 Week Range||10.52 - 22.11|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.71|
The Nasdaq hit a record high on Thursday, boosted by gains in Apple and Amazon ahead of their quarterly earnings, while solid results from companies such as Caterpillar and Merck helped ease concerns about slowing economic growth denting corporate profits. Mega-cap stocks Tesla Inc, Apple Inc and Amazon.com Inc led the Nasdaq and helped propel the index to a record after the S&P 500 and Dow reached fresh peaks earlier in the week.
Wall Street's main indexes rose on Thursday as upbeat quarterly earnings from Caterpillar, Merck and Ford helped investors shrug off data that showed U.S. economic growth slowed sharply in the third quarter. Ford Motor Co jumped 11.2% after the carmaker topped third-quarter profit estimates and raised its full-year earnings forecast. Caterpillar Inc added 2.9% after reporting a quarterly profit on high commodity prices, while a quarterly beat and a forecast raise by drugmaker Merck & Co Inc helped its shares gain 4.0%.
Global equities retreated from record highs on Thursday, while safe-haven gold rose after the U.S. economy grew at its slowest pace in more than a year in the third quarter, hit by an uptick in COVID-19 infections and shortages caused by stretched supply chains. U.S. gross domestic product increased at a 2% annualized rate last quarter, slowest since the second quarter of 2020 when the economy was beset by pandemic restrictions, the Commerce Department said in its advance GDP estimate on Thursday.