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7/31/2020, 10:20 AM (Source: TeleTrader)
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Nasdaq surges in premarket on tech earnings

The Nasdaq 100 jumped almost 200 points in premarket trading on Friday after Apple, Alphabet, Amazon and Facebook all strongly beat earnings expectations for the second quarter despite the coronavirus crisis. In coronavirus news, United States President Donald Trump said that another shutdown would not be a good idea for the country in the long-run and that workplaces and schools must remain open despite the pandemic.

The Dow Jones Industrial Average gained 0.29% at 4:15 am ET and the S&P 500 was up 0.55% at the same time. Meanwhile, the Nasdaq 100 surged 1.71% at 4:17 am ET. Apple jumped 6.03%, Facebook increased 5.77% and Amazon gained 5.41% in premarket trading.

The euro went for 1.1875 against the dollar, as it was up by 0.23% compared to the greenback at 4:19 am ET.

Breaking the News / VP