Stocks roar with the Nasdaq/Meta leading the way

<p>It sucks to be Amazon and have to take a backseat when your stock soars by 7.67% on the day. However, it was Meta and Mark Zuckerberg's day to roar, and roar they did. Share's of Meta moved up $80.21 or 20.32% after beating expectations, announcing a first ever dividend, and announcing a $50B buyback of shares. </p><p>Overall, all the major indices moved higher and all three closed higher for the week as well. It is the 4th week in a row higher after starting the year with a sharp fall. The S&amp;P index in the Dow Industrial Average" levels today.</p><p>The final numbers are showing:</p><ul><li>Dow Industrial Average is up 134.56 points or 0.35% at 38654.41</li><li>S&amp;P index is up 52.44 points or 1.07% at 4958.62</li><li>NASDAQ index is up 267.30 points or 1.74% at 15628.94</li></ul><p>For the trading week:</p><ul><li>Dow Industrial Average rose 1.43%</li><li>S&amp;P index rose 1.38%</li><li>NASDAQ index rose 1.12%</li></ul><p>The small-cap Russell 2000 did not like the sharp rise in yields after the stronger-than-expected US jobs report. As a result,that index fell -11.68 points or -0.59% to 1962.73. For the week, the Russell 2000 fell by -0.788% </p><p>The regional bank KRE ETF did advance today by 0.25 points or 0.52% to $48.40, but still closed down by -7.16% in trading this week.</p><p>For the trading week which saw 5 of the Magnificent 7 announce earnings (Microsoft, Alphabet, Apple, Meta, Amazon, announce earnings): </p><ul><li>Meta rose 20.51%</li><li>Alphabet-6.44%</li><li>Microsoft rose 1.80%</li><li>Apple-3.39%</li><li>Amazon, rose 7.99%</li></ul><p>The other two of the 7, Tesla and Nvidia rose this week. Today Nvidia soared by 4.97%:</p><ul><li>Tesla rose 2.54% despite falling -0.50% today (already announced earnings on January 24)</li><li>Nvidia rose 8.40% (won't announce earnings until February 21).</li></ul><p>One of the biggest high flyers this week Super Micro Computer gave back some of its gains with the decline of – $-3.87 or -0.66%. For the trading week, shares were up 22.25%.</p>

This article was written by Greg Michalowski at www.forexlive.com.