Market Rebound Continues, Techs Lead the Way

The market had a great day today with the NASDAQ closing up 45 point or 1.65% and the S & P 500 finishing the day up 13 points or 0.88%. It was the big leaders pushing ahead though that left the day on a positive note.

So who helped drive the market today? Apple reported fantastic earnings yesterday after the bell and the stock ran up after hours. Online movie retailer Netflix also posted great earnings and too had a great session. China also had a great day today and Baidu.com closed at record highs. Don’t forget Google too who also closed at record highs. The main theme was all about the leaders doing their job and leading the market with strong gains.

Big Winners Today:

  • Apple (AAPL) closed at $186.16, up some 6%.
  • Baidu.com (BIDU) closed at $349.90, up over 9%.
  • Netflix (NFLX) closed at $25.99, up over 11%.
  • Google (GOOG) closed at $675.77, up over 3%.
  • Research in Motion (RIMM) closed at $124.53, up over 8%

Amazon.com also closed the day on a big note up over 9 points to close above $100. The company though after hours reported earnings and has given back all of its gains and as of 6:30 PM is actually down after hours trading just above $90 a share.

The big question is whether or not this rebound is going to stick and truly signal a market ready to continue its move forward. Attached are charts of both the S & P 500 and the NASDAQ Composite. (Need help? Check out our stock chart education and reading the overall market for dummies)

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