Facebook soared more than 10% in the overnight session after it reported that, after an initial "significant" pullback in advertising revenues in March thanks to Covid-19, it's seen. It reported first-quarter per-share earnings of $1.71 and revenues of $17.74 billion.
Microsoft rose a more modest 3.1% in after-hours trading after the company reported fiscal third-quarter sales growth of 15% thanks to growth in its cloud business. The software giant said in a statement that the disease in the three months ended March 31, but cautioned that "effects of COVID-19 may not be fully reflected in the financial results until future periods."on Wednesday that put the S&P 500 up more than 13% for the month and on track for its biggest one-month gain since 1974.
EBJ = Education Brown Jeranamo
No Bueno! Facebook
Of course Facebook is up, no one has anything else to do.
I would never though the markets would come back so quickly with some stocks soaring given the macro economic and employment situation. V shaped recovery and strongest Dow bounce.
Nobody knows what happens.
We all need to break up w Facebook
V