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S&P 500 Rides Apple Rally Higher as Tech Fights Back

By Yasin Ebrahim AiVIF.com – The S&P 500 rallied Friday, as blowout quarterly results from Apple put tech back into the driving seat following a recent rout amid jitters about...
S&P 500 Rides Apple Rally Higher as Tech Fights Back © Reuters.

By Yasin Ebrahim

AiVIF.com – The S&P 500 rallied Friday, as blowout quarterly results from Apple put tech back into the driving seat following a recent rout amid jitters about a faster pace of U.S. Fed rate hikes.

The S&P 500 rose 1.1%, the Dow Jones Industrial Average gained 0.56%, or 189 points, the Nasdaq jumped 1.6%.

Apple (NASDAQ:AAPL) rose more than 5% after reporting quarterly results that topped analysts’ estimates following better-than-expected iPhone sales despite a drag from supply-chain issues.

The tech giant also said it expected supply-chain problems to improve, boosting sentiment on broader tech stocks.

“[Tim] Cook is calling out some supply chain improvement for the March quarter which are ‘calming words heard around the tech world’ and much needed good news in what has been a market storm to start 2022,” Wedbush said in a note.

Facebook (NASDAQ:FB), Google-parent Alphabet (NASDAQ:GOOGL) Amazon (NASDAQ:AMZN),  and Microsoft  (NASDAQ:MSFT) were more than 1% higher.

As well as bullish earnings, tech was also helped by a fall in U.S. bond yields following economic data showing inflation continues to gather steam at a time when the consumer has pulled back on spending.

Consumer spending fell 0.6% in December, representing the largest monthly decline since February. The slowdown in spending, however, was largely attributed to the impact of the omicron variant.

“Spending was hit hard by a combination of the Omicron hit to discretionary services and people’s willingness to visit malls, alongside a void left by earlier-than-usual holiday shopping, triggered by fears of shortages of popular items,” according to Pantheon Macroeconomics.

The core personal consumption expenditures price index, the Fed's preferred gauge of inflation, rose by 4.9% the fastest pace since 1983.

Visa (NYSE:V) was also a big gainer on the day, after delivering fiscal first-quarter earnings and revenue that topped Wall Street estimates as stronger cross border payment volumes bolstered growth.

“After sentiment shifted away from established payment companies, Visa’s relative valuation/growth presents a significant buying opportunity for investors focused on sustainable growth,” Oppenheimer said in a note.

Robinhood Markets (NASDAQ:HOOD), meanwhile, delivered disappointing guidance on revenue for its fiscal first-quarter after users fell in the fourth quarter, but the shares of the trading platform pared losses to trade more than 4% higher.  

Energy proved an exception to the rally, weighed down by a more than 3% decline in Chevron (NYSE:CVX) after the oil major reported quarterly results that missed on the bottom line.

Caterpillar (NYSE:CAT), a Dow index bellwether, was also nursing losses of more than 5% as better-than-expected quarterly results were overshadowed by a fall in margins as supply-chain woes drove up costs.

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28-03-2024 22:27:44 (UTC+7)

EUR/USD

1.0801

-0.0025 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

EUR/USD

1.0801

-0.0025 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

GBP/USD

1.2638

0.0000 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

USD/JPY

151.22

-0.10 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

AUD/USD

0.6522

-0.0011 (-0.17%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

USD/CAD

1.3537

-0.0030 (-0.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

163.28

-0.47 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

EUR/CHF

0.9737

-0.0049 (-0.50%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Gold Futures

2,236.35

+23.65 (+1.07%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (11)

Sell (0)

Silver Futures

24.997

+0.245 (+0.99%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (0)

Copper Futures

4.0122

+0.0122 (+0.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Crude Oil WTI Futures

82.62

+1.27 (+1.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Brent Oil Futures

86.50

+1.09 (+1.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Natural Gas Futures

1.730

+0.012 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

US Coffee C Futures

187.95

-2.70 (-1.42%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

5,090.95

+9.21 (+0.18%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (4)

S&P 500

5,254.20

+5.71 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

DAX

18,506.15

+31.09 (+0.17%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,968.95

+36.97 (+0.47%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

Hang Seng

16,541.42

+148.58 (+0.91%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,130.85

+16.50 (+0.78%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

11,097.50

-13.80 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

BASF SE NA O.N.

52.925

-0.325 (-0.61%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Bayer AG NA

28.48

+0.05 (+0.18%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

Allianz SE VNA O.N.

277.70

+0.25 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Adidas AG

207.05

+2.35 (+1.15%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (4)

Deutsche Lufthansa AG

7.293

+0.116 (+1.62%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Siemens AG Class N

176.93

+0.01 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Deutsche Bank AG

14.583

-0.030 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

 EUR/USD1.0801↑ Buy
 GBP/USD1.2638↑ Buy
 USD/JPY151.22↑ Sell
 AUD/USD0.6522↑ Buy
 USD/CAD1.3537↑ Sell
 EUR/JPY163.28↑ Buy
 EUR/CHF0.9737↑ Sell
 Gold2,236.35↑ Buy
 Silver24.997↑ Buy
 Copper4.0122↑ Buy
 Crude Oil WTI82.62↑ Buy
 Brent Oil86.50↑ Buy
 Natural Gas1.730↑ Sell
 US Coffee C187.95Neutral
 Euro Stoxx 505,090.95Neutral
 S&P 5005,254.20↑ Buy
 DAX18,506.15Sell
 FTSE 1007,968.95↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,130.85↑ Buy
 IBEX 3511,097.50↑ Sell
 BASF52.925↑ Sell
 Bayer28.48↑ Buy
 Allianz277.70↑ Buy
 Adidas207.05Buy
 Lufthansa7.293Sell
 Siemens AG176.93↑ Buy
 Deutsche Bank AG14.583↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,880/ 8,050
(0/ 0) # 1,398
SJC HCM7,900/ 8,100
(10/ 10) # 1,450
SJC Hanoi7,900/ 8,102
(10/ 10) # 1,452
SJC Danang7,900/ 8,102
(10/ 10) # 1,452
SJC Nhatrang7,900/ 8,102
(10/ 10) # 1,452
SJC Cantho7,900/ 8,102
(10/ 10) # 1,452
Cập nhật 28-03-2024 22:27:47
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,214.98+23.961.09%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.32+4.890.06%
Brent$86.34+4.710.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.580,0024.950,00
EUR26.018,3427.446,04
GBP30.390,9531.684,00
JPY158,69167,96
KRW15,8419,20
Cập nhật lúc 18:53:18 28/03/2024
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