Stocks finished higher Friday, a bright ending to a tough week, as investors grappled with the spread of the highly contagious COVID-19 delta variant, the impact of the virus on growth and China's continued crackdown on its tech sector.
Here are some of the big movers in the stock market on Friday:
1. Microsoft | Increase 2.6%
Microsoft (MSFT) – Get Report shares hit an all-time high on Friday, extending their year-to-date gain to around 40%, as the software giant continues to chase Apple (AAPL) – Get Report as the world's most valuable tech company.
Analysts at Mizuho, UBS and Wedbush on Friday boosted their price targets on the software giant to $350 a share.
2. Foot Locker | Increase 7.3%
Foot Locker (FL) – Get Report shares surged after the sports apparel retailer posted much better-than-expected second-quarter earnings, adding to evidence of a brick-and-mortar retail revival.
TheStreet RecommendsPRESS RELEASESPayPal Launches The Ability To Buy, Hold And Sell Cryptocurrency In The UK16 minutes agoPRESS RELEASESAMG Advanced Metallurgical Group N.V. Responds To Press Reports Regarding Its Lithium Activities17 minutes agoPRESS RELEASESAMG Advanced Metallurgical Group N.V. Announces The Construction Of Its First Lithium Vanadium Battery For Industrial Power Management Applications17 minutes ago
Revenue rose 9.4% to $2.28 billion, beating analysts' estimates of $2.09 billion.
3. Petco | Increase 7.8%
Shares of Petco Health & Wellness (WOOF) – Get Report climbed after the pet-accessories retailer reported fiscal-second-quarter results ahead of estimates and raised its guidance.
Revenue reached $1.43 billion from $1.21 billion, up 19%.
4. Spotify | Increase 5.6%
Spotify (SPOT) – Get Report shares advanced after the music and podcast streamer announced a $1 billion stock repurchase program. The authorization will expire on April 21, ! 2026, the company said.
5. Lordstown Motors | Increase 9.6%
Shares of Lordstown Motors (RIDE) – Get Report rose after the electric vehicle maker demonstrated its Endurance pickup truck at the Northeast Chapter of the American Association of Airport Executives’ Annual Conference.
Apple and Microsoft are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.