Eli Lilly and Company, Apple, Amazon are the ones to read about today.
Leading equity indices in the US rose as Nasdaq ended the session at 11,323 after a 1.88% gain. S&P 500 gained 0.92% and closed at 3,993.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. Usually, these reports are released four times a year (quarterly reports) and have a significant impact on the market. These announcements are typically taken into consideration when making predictions.
Markets were up and mega cap stocks have released their quarterly earnings reports. Have a look.
After ending Thursday at $368.72, Eli Lilly and Company dropped to $344.52 early in Friday's session and closed at $352.3. In total, it lost 4.45%. Daily trading volume (6.14 million shares) increased, making up 200% of the 21-day average (3 million).
The mobile and tech colossus went up to $149.7, gaining 1.93%.
The mobile and tech colossus is now trading 13.23% below its 3-month high of $182. So far in 2022 it has been beating the Nasdaq by 22.54%. The company's market cap is $2.38 trillion with an average daily trading volume of 93.69 million shares.
Amazon rallied 4.31% and ended the session at $100.79.
The tech and retail multifaceted giant has recovered 12.18% since descending to a significant low of $86.14 around 5 days ago. So far in 2022, it has been under-performing the Nasdaq by 1.3%. The company has a market cap of $1 trillion with an average daily volume of 98.39 million shares.
Bullish sentiment helped Mastercard to hammer out a noteworthy $336.39 to $342.63 range Friday, and finally closing at $339.29 to end the session. Daily trading volume (3.73 million shares) increased, making up 114% of the 21-day average (3.26 million).