U.S. stocks closed higher on Friday, with the Dow Jones jumping more than 300 points. Here is the list of some big stocks moving higher in the previous session.
The Nasdaq Composite gained by more than 100 points on Friday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Apple Inc (NASDAQ: AAPL) reported better-than-expected results for its fiscal year third-quarter, helped by strong iPhone and iPad sales. iPhone revenue of $40.67 billion came in better than analysts’ estimates of $39.2 billion.
U.S. stocks settled sharply higher for a second day, with the Dow Jones jumping more than 300 points on Thursday.
Data released Thursday showed a quarterly contraction in the US economy, which shrank an annualized 0.9% on quarter during the second quarter. The news increased speculation that the Fed might not continue with aggressive rate hikes.