S&P 500 Week in Review: Morgan Stanley and eBay Earnings, Sears Holdings Rumors Scare Shorts

The S&P 500 (NYSEARCA:SPY) finished the week trading up 2% to 1,315. Here are the hot stocks that moved on big news:

Morgan Stanley (NYSE:MS) losses were lower than expected, so financials rallied. The Q4 earnings per share came in at -$0.14, instead of -$0.62 as the consensus expected. Investment bank revenues are 40% down year over year. Executive compensation is down only 6%.

Boeing (NYSE:BA): The government approved Boeing as the company to launch two more Wideband Global SATCOM satellites, as part of a $1 billion contract modification.

Netflix (NASDAQ:NFLX): The SOPA legislation pits the New Media of Facebook and Google and Netflix against traditional, Old Media. Netflix has a lot at stake in the outcome of the legislation, and shares popped after legislators decided to take more time to consider the issue.

Don’t Miss: Internet Companies Stage Unprecedented Online Protest.

Union Pacific (NYSE:UNP): All aboard. Union Pacific’s profits jumped more than the 24% than expected and Q4 earnings beat across the board. Increased freight offset higher fuel costs. Looks like the Oracle of Omaha may prove to be right about railroads.

eBay (NASDAQ:EBAY) earnings beat expectations, and eBay is up as a result. But Normura, for one, is not changing its rating of eBay as its volume forecast came in lower than expected. The firm also doesn’t expect Marketplaces’ access to be sustained.