By Liz Moyer
Investing.com -- U.S. stocks rose on Friday after upbeat earnings from big tech companies Apple and Amazon. Here are the midday movers for July 29:
Big tech added a jolt to the market. Apple Inc (NASDAQ:AAPL) stock rose 3.5% after an upbeat earnings report, and Amazon.com Inc (NASDAQ:AMZN) shares jumped 11% after issuing a positive outlook.
- Roku Inc (NASDAQ:ROKU) stock tumbled 24% after a disappointing earnings report highlighted a slowing in advertising that is expected to dampen the current quarter, as well.
- Exxon Mobil Corp (NYSE:XOM) stock jumped 4% and Chevron Corp (NYSE:CVX) jumped 8% after both oil majors reported record profit on the back of high energy prices.
- Intel Corporation (NASDAQ:INTC) shares fell 8% after a disappointing earnings report that said demand for personal computers was falling. Shares were down despite the passage of a bill that includes $52 billion to boost U.S. chip manufacturing.
- Procter & Gamble Company (NYSE:PG) shares fell 5% after the consumer product maker forecast its lowest sales growth in three years and said rising commodity and freight prices and foreign exchange would weigh on results.