reported earnings results that mostly missed analyst estimates. They also offered mixed guidance. Alphabet and Amazon fell in Friday trades, while Apple gained about 3%. , more than double the estimate of 188,000. The unemployment rate fell to 3.4%, representing the lowest level in 54 years.
About half of S&P 500 companies have reported fourth-quarter earnings. Of those companies, 70% are beating profit estimates by a median of 6%. Meanwhile, 62% of those companies are beating revenue estimates by a median of 4%, according to Fundstrat.
'Lucky us! Nothing like a little stock market roller coaster to get the adrenaline going!'
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