Closing Bell: Shine Out at Fox News; Tech Leads Nasdaq to New Records

Apple and Facebook lead the Nasdaq to more records to begin the new month as investors grow bullish ahead of their earnings reports later this week.

Author:: Keris Alison Lahiff
Publish date:: May 1, 2017 4:17 PM EDT

Apple (AAPL) - Get Report and Facebook (FB) - Get Report led the Nasdaq to more records to begin the new month as investors grew bullish ahead of their earnings reports later this week. Meanwhile, a deal to fund the federal government through the rest of the budget year boosted the S&P 500. Twitter (TWTR) - Get Report rallied after CEO Jack Dorsey disclosed a purchase $9.5 million worth of shares. Twitter also announced a partnership with Bloomberg for a streaming channel. Financials proved resilient after Donald Trump said he was open to breaking up the big banks. Trump had suggested that was a possibility on the campaign trail. Longtime Fox News executive Bill Shine has resigned. The latest management shakeup at the 21st Century Fox (FOXA) - Get Report network comes as the Murdoch family seeks to fix a workplace culture plagued by claims of sexual and racial harassment.