Tech stocks are setting the Nasdaq 100 up for its biggest gain in 2 years
- Tech stocks are soaring on Friday after big names from the industry posted impressive earnings results.
- The Nasdaq 100 hit an all-time high on Friday
- Check the live price of the Nasdaq 100 here.
The Nasdaq 100 is up 2.75% in afternoon action on Friday after a number of big tech names posted strong quarterly results.
The move is the biggest for Nasdaq 100 in two years and comes on the back of big moves by many of the biggest names in the industry. Amazon, Microsoft, Google and Intel all reported earnings after Thursday's closing bell and are seeing strong gains on Friday.
Here's how some of the biggest names in tech are performing after their results:
- Amazon (AMZN): +12.55%
- Microsoft (MSFT): +7.12%
- Alphabet (GOOGL): +5.22%
- Intel (INTC): +7.33%
Friday's big game for Amazon propelled CEO Jeff Bezos to the top spot on the world's richest person list.
Apple saw a boost as well on Friday after pre-orders for the company's iPhone X sold out in minutes. Apple was up 3.29% to $162.59 on Friday.
The Nasdaq 100 is specifically tech-heavy, but the rest of the major indices were also higher on Friday as of 2:00 p.m. ET. The Dow gained 0.8% while the S&P 500 gained 0.76%. The full Nasdaq composite gained 2.01% on Friday.
