The Morning After: Big Tech ETFs Hit New Highs After Earnings D-Day -- Barron's Blog DOW JONES & COMPANY, INC. 9:47 AM ET 4/28/2017 Symbol Last Price Change AMZN 946.01 +27.63 (+3.01%) MSFT 68.56 +0.29 (+0.42%) QCOM 51.39up -1.82 (-3.42%) INTC 36.355up -1.075 (-2.87%) GPRO 8.3162 -0.6238 (-6.98%) SOCL 26.5411down +0.1111 (+0.42%) SKYY 39.23up +0.11 (+0.28%) QUOTES AS OF 09:47:47 AM ET 04/28/2017 It's the morning after the big night. A flood of technology companies, led by the three top cloud companies -- Amazon(AMZN) , Alphabet ( GOOGL) and Microsoft(MSFT) -- released quarterly earnings Thursday night, leaving investors to make sense of it all on this Friday morning.
My colleague Tiernan Ray called it D-Day. And while there was some bloodletting, others stormed the beach, and helped lift some big tech sector ETFs to new highs.
Qualcomm (QCOM) dropped 4% today after it slashed its profit forecast. But Alphabet and Amazon(AMZN) are each up 4% and 3% respectively. Alphabet posted a huge revenue beat and better-than-expected earnings, while Amazon(AMZN) had a big earnings beat as revenue that edged past expectations.
Microsoft (MSFT) inched 0.1% higher after the company posted better-than-expected earnings but missed by a hair on revenue.
Chip maker Intel(INTC) , however, fell 2.7%, though the company posted better-than-expected earnings and also raised its forecast for 2017. And GoPro(GPRO) fell 0.1%, though the company beat revenue estimates and lost slightly less money than Wall Street was expecting.
As a result, technology-based ETFs are just as scattered after today's opening bell.
The Technology Select Sector SPDR ( XLK) and the PowerShares QQQ ( QQQ) both inched 0.4% higher to land at new 12- month highs. The Global X Social Media ETF(SOCL) also hit a new high after a 0.3% gain.
Elsewhere in the ETF realm, the First Trust Cloud Computing ETF(SKYY) rose 0.15% and the First Trust Dow Jones Internet ETF ( FDN) climbed 0.6%. The iShares North American Tech-Software ( IGV), however, sat unchanged and the VanEck Vectors Semiconductor ETF ( SMH) fell 0.6%.
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