Among the top stocks posting gains in Thursday's regular trading session were tech giants Netflix (NASDAQ: NFLX) and Apple (NASDAQ: AAPL). Netflix's move came after an intraday announcement that many investors had been anticipating for a long time. Unfortunately for Apple, however, its share-price gains reversed lower after the close of regular trading as the iPhone maker reported quarterly financial results that didn't live up to investors' high expectations.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has seen its share of big drops followed by big rebounds, and Thursday was merely another instance of that phenomenon. As of just after 2:30 p.m. EDT, the Nasdaq was up nearly 2.5%. Shares of Peloton Interactive were down more than 5%.
Ford Motor (NYSE: F) moved higher after its latest results, and Pinterest (NYSE: PINS) was an even bigger winner on rising excitement about the visually oriented social media company's efforts to fully monetize its platform. Ford shares were up 4% on Thursday morning. Ford's revenue was higher by 1% year over year, with wholesale units actually falling 5% to 1.18 million.