The rally in big tech extended into late hours after bullish outlooks from two of the megacaps that have powered the stock surge from the bottom: Meta Platforms Inc. and Amazon.com Inc. Their gains outweighed a slide in Apple Inc.
A $244 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) climbed, following an advance in regular trading. Meta gave a forecast for revenue growth that beat estimates while announcing it will pay its first-ever quarterly dividend of 50 cents a share and authorize an additional $50 billion in buybacks. Amazon reported strong sales and gave an operating income outlook that surpassed forecasts. Apple saw a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected.