The stock market rose slightly to record highs once again Thursday as investors bet on strong earnings from big tech companies next week.
 | THU, JAN 21, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 136.87 | +4.84 | +3.67% | | INTC | 62.46 | +3.79 | +6.46% | | MSFT | 224.97 | +0.63 | +0.28% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 11.53 | +0.67 | +6.17% | | AAPL | 136.87 | +4.84 | +3.67% | | INTC | 62.46 | +3.79 | +6.46% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 136.87 | +4.84 | +3.67% | | INTC | 62.46 | +3.79 | +6.46% | | AMD | 91.53 | +2.78 | +3.13% | |
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Apple just received a big vote of confidence ahead of its earnings report. Morgan Stanley's Katy Huberty, a top-rated Apple analyst, said Thursday that the tech giant is about to post numbers from a record-breaking quarter when it announces earnings next week. Her bullish comments sent Apple shares up 3%, bringing its week-to-date gains to more than 7%.  "We are buyers ahead of what we expect to be a record December quarter print," Huberty said in a note. "Our checks indicate Apple saw strength across its portfolio of Products & Services in the Dec Q, driven by 5G adoption, work/learn from home, and sustained App Store engagement." Other major technology companies have also been rallying as investors bet that tried-and-true growth stocks will continue to impress Wall Street. Microsoft and Facebook have both risen at least 6% this week ahead of their quarterly results scheduled for next week. The strong performance in tech lifted the Nasdaq Composite to another intraday record high on Thursday, its fifth of 2021. |
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