Facebook Stock Drops 2%, Ulta Beauty Gains 8% on Earnings Beat

Facebook Drops 2%, Ulta Gains 8%

Diana Linn, account manager at Adviser Investments, has the market analysis for Friday, March 15. All major U.S. market indexes advanced: The Dow Jones Industrial Average and S&P 500 each rose 0.5% while the NASDAQ gained 0.8% . Meanwhile, Facebook’s stock fell 2.4%  as investors reacted to the announced departure of Chief Product Officer Chris Cox as well as fallout related to the livestream of last week’s violence in New Zealand . On the other hand, Ulta Beauty’s stock surged 8%  today to reach an all-time high  after the company exceeded both earnings and sales expectations  in the fourth quarter.

 

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