Tech stocks surged, with AAPL up 7% on good earnings and share-buyback program

From Nasdaq: 2024-05-03 13:51:58

Tech stocks surged on Friday afternoon, with XLK up 2.9% and XSD up 2.3%. The Philadelphia Semiconductor index also rose by 2.2%. Apple’s shares soared by nearly 7% after beating market expectations and announcing a $110 billion share-buyback program.

Opendoor Technologies saw a nearly 11% increase in shares following strong quarterly results. Enphase Energy also experienced a 5% rise in shares after their CFO acquired 4,000 shares.



Read more at Nasdaq: Technology Sector Update for 05/03/2024: AAPL, ENPH, OPEN