Apple shares gained 0.60% in the prior session to claim the title of the first company in the world to top an $800 billion market capitalization. Tesla Motors was another notable outperformer, surging 4.60% while shares of Valeant Pharmaceuticals, Office Depot and Marriott International were all trading higher after posting better-than-expected quarterly results.
Valeant shares zoomed 24.00% after the drug maker’s first-quarter profit beat expectations, although sales came in just short of estimates. Hotel operator Marriott International’s quarterly earnings also topped Wall Street EPS forecasts, however, both the Dow Jones Industrial Average and the S&P 500 finished near session’s lows, weighed down by energy stocks. Nasdaq futures were last trading around 5670 ahead of significant resistance sitting at 5690 and 5700, a breakout above which could take the index all the way to 5750.
NASDAQ Reaches New Record High
Daily Analysis - 10/05/2017