Page 9 - தொழில்நுட்பம் தேர்ந்தெடுக்கவும் துறை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Apple and Facebook Still Thriving At the open, investors were invigorated by strong earnings results from both Apple and Facebook, with the iPhone-maker claiming that sales rocketed 54% during the quarter, with each product category seeing double-digit growth. The company also said it would boost its dividend by 7%, and authorized $90 billion in share buybacks. The moves helped Apple gain almost half a percent in early trading. Meanwhile, social media giant Facebook’s revenue popped 48%, aided by more expensive ads, which helped lift the company’s shares by as much as 6.5%, to reach a record high. “The primary market trend remains positive,” said Keith Lerner, chief market strategist at Truist. “But we expect a choppier environment as tensions are set to persist between better economic growth and earnings prospects versus the potential for higher taxes and rising interest rates as the economy normalizes,” he added.

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