Tech stocks bounce back at the open on the heels of strong Twitter, Microsoft and Tesla earnings

Tech stocks bounce back at the open on the heels of strong Twitter, Microsoft and Tesla earnings

6 years ago
Anonymous $oIHRkISgaL

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.