From Nasdaq OMX Group:

Stocks rallied on Thursday after a post-CPI selloff, with the S&P 500 closing at an all-time high of 5029, up 0.58%. The Russell 2000 led gains for the second consecutive day, up 2.1%, leading the market back into positive territory year-to-date. The Dow had a strong day, gaining 348 points, up 0.91%.

Coinbase shares surged over 7% in late trading after crushing Q4 estimates, with earnings of $1.04 per share and $954 million in revenues. Operating expenses fell 45% year over year and trade volume reached $154 billion in the quarter. This marks the fourth-straight earnings beat for the crypto platform.

Applied Materials surged 12% in late trading after strong earnings and revenue beats in the quarter. Earnings were $2.13 per share, beating the $1.90 forecast, and revenues reached $6.71 billion. The company has high hopes on its next-generation chip technology.

DoorDash stock dropped 7% in after-hours trading after missing expectations on its bottom line. The company reported a loss of -39 cents per share and sales of $2.3 billion, representing 27% growth year over year. This marks the company’s second consecutive earnings surprise.

DraftKings swung to a loss of -10 cents per share from expectations of a gain of +6 cents, with revenues of $1.23 billion that narrowly outperformed the Zacks consensus. However, the company reported a +37% gain in new monthly unique players. Shares initially dropped 1% on the Q4 news but recovered into positive territory.



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