Tech stocks bounce back at the open on the heels of strong Twitter, Microsoft and Tesla earnings
https://www.cnbc.com/2018/10/25/tech-stocks-bounce-back-at-the-open-on-the-heels-of-strong-earnings.html
Tech stocks rallied at the open on the heels of several positive tech earnings. The Nasdaq Composite Index rose as much as 1.4 percent at the open, a day after closing down 4.43 percent.
Following plummeting stocks across the sector on Wednesday, tech companies already started to see a lift after the bell when Microsoft and Tesla both reported estimate-beating earnings. Twitter reported positive earnings before the bell on Thursday, sending the stock soaring as high as 15 percent.Twitter beat revenue and earning estimates despite purging a large chunk of suspected bot accounts earlier this year. While Twitter reported lower monthly active users, its daily active users have increased. Following Twitter's earnings release, Snap saw a lift over 3 percent in pre-market trading and opened up about 2.5 percent.