S&P 500 up 5% for April | Cramer likes Amazon | Buffett and Munger on Saturday

FRI, APR 30, 2021

EVENING BRIEF

AS OF FRI, APR 30, 2021 • 05:16 ET

DJIA		33874.85
		-0.54%	-185.51

S&P 500		4181.17
		-0.72%	-30.30

NASDAQ		13962.68
		-0.85%	-119.86

Most Active

DOW
NAME	LAST	CHG	%CHG
AAPL	131.46	-2.02	-1.51%
MSFT	252.18	-0.33	-0.13%
INTC	57.53	-0.75	-1.29%

S&P 500
NAME	LAST	CHG	%CHG
AAPL	131.46	-2.02	-1.51%
F	11.54	+0.28	+2.49%
TWTR	55.22	-9.87	-15.16%

NASDAQ
NAME	LAST	CHG	%CHG
AAPL	131.46	-2.02	-1.51%
AMD	81.62	-2.29	-2.73%
TSLA	709.44	+32.44	+4.79%

EDITOR'S NOTE

The major averages stumbled on Friday, capping a busy week of Big Tech earnings.

The S&P 500 fell 0.7%, landing at 4,181.17. Meanwhile, the tech-heavy Nasdaq slumped more than 0.8%. Finally, the Dow Jones Industrial Average dropped more than 185 points, closing at 33,874.85.

Tech giants Apple, Facebook, Alphabet and Amazon beat analysts' expectations as they released quarterly results this week.

Nonetheless, tech names were among some of the notable losers today.

Twitter, which missed on user growth expectations, fell more than 15% today. Apple slid 1.5% – and was down more than 2% for the week – despite its rosy earnings report.

Investors also turned up their noses at Amazon, which ended the day down 0.11%. However, it may be an opportunity to do some bargain shopping, according to CNBC's Jim Cramer on Friday. "They will be down at one point and you can go buy them. And you should buy them," he said.

Heading into May, investors will have their eyes on April's employment report – which some economists believe could show that a million jobs were added.

The data, which will be released on May 7, will be an indicator as to whether the economy is making the progress the Federal Reserve needs to see before discussing next steps for tapering its support.

"Next week is all about the jobs number, because as part of the Fed's path to 'substantial progress' on their two roles, we'll see how much further along that path they are next Friday" said Peter Boockvar, chief investment officer at Bleakley Advisory Group.