The tone was set for Thursday’s session in the after hours/premarket trading following Apple Inc.’s (NASDAQ: AAPL) Q2 beat.
Off the 6:00 PM EST opening, the index never went in the red and climbed steadily, rising above 4100 ahead of April jobs report. When the report indicated the job market remained strong, the index retreated slightly but regained its upward momentum heading into the open of the regular session.
Once the index surpassed the premarket high (4114), the pace of the rally accelerated. The ensuing rally found limited sellers until it approached Wednesday’s high (4167.25) but came up just shy, only reaching 4163.25.
There was some mild profit taking into the close. As a result, the index retreated from the high but still added 74.50 handles at the closing price of 4150.25.
Even with the robust rally, the index was still in the red for the week by 38.25 handles.
Tesla Inc. (NASDAQ: TSLA) was the biggest gainer of the top components of the index. The issue extended its winning streak to three sessions by gaining $8.86 or 5.5%.
That was nearly three times better than the cash index’s advance of 1.85%.
Meta Platforms Inc. (NASDAQ: META) was the only loser of the top components of the index and therefore the biggest. For the session, the issue declined by $0.74 or 0.3% at the closing price of $232.78.