Facebook surges on earnings; US stocks up slightly

Facebook surges on earnings; US stocks up slightly

Facebook surges on earnings; US stocks up slightly

Facebook shares bolted higher Thursday
following a big earnings jump as US
equities registered modest gains in
opening trade.
Five minutes into trade, Facebook was
up 4.6 percent after posting an 11
percent gain in third-quarter profits to
$891 million behind a 41 percent surge
in revenues to $4.5 billion. Many of
Facebook’s gains came from higher
mobile advertising revenues.
The Dow Jones Industrial Average was
up 22.64 points (0.13 percent) at
17,890.22.
The broad-based S&P 500 added 1.23
(0.06 percent) at 2,103.54, while the
tech-rich Nasdaq Composite Index rose
3.38 (0.07 percent) to 5,145.86.