- Apple rallies 3.4%, DJIA closes 1.1% higher
- Solar stocks energize S&P 500, Nasdaq driven by e-commerce
- Warren Buffett ditches some bank stocks, airlines face headwinds
Hey there, let's talk about some rad market moves that went down on Thursday! Dow Jones was on the up-and-up, finishing 1.1% higher, with Apple (AAPL) showing off by rallying 3.4%, breaking that pesky three-day losing streak.
DJIA buddies Nike (NKE), Salesforce (CRM), and Microsoft (MSFT) were all in on the gains party. Over in the solar realm, Enphase (ENPH) and SolarEdge (SEDG) shined bright, helping the S&P 500 index close with a 1.3% boost.
E-commerce was where it was at for the Nasdaq, with Amazon (AMZN) and MercadoLibre (MELI) showing off. The tech index was the star, adding 1.9%. Tesla (TSLA) decided to test its 50-day line too.
As for trading volumes, NYSE was a bit shy compared to Wednesday, while Nasdaq volume turned it up a notch. Crude oil dipped 1%, and the 10-year Treasury note yield went up 3 basis points.
Small-cap Russell 2000 and Innovator IBD50 (FFTY) stepped up with 1.3% and 1.8% gains, respectively.
Now, here's some tea: Warren Buffett's Berkshire Hathaway (BRKB) sold some bank stocks. The Oracle of Omaha blamed mismanagement of assets and liabilities, calling it a temptation that sometimes comes back to bite banks.
Apple shares climbed as the company announced plans to use recycled cobalt in all its batteries. However, they had previously fallen due to a glitch preventing the iPhone 15 from featuring a haptic 3D touch feature for the premium version.
Moving onto other stocks outside the Dow Jones, we saw breakouts from Yum Brands (YUM), Southern Copper (SCCO), Pampa Energia (PAM), and Interpublic Group (IPG).
Airlines had a turbulent week, with Delta Air Lines (DAL) missing Q1 estimates but raising its sales outlook. American Airlines (AAL) remained mostly flat, while United Airlines (UAL) tested its 200-day line.
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