Stock Market Watch

Stocks Rally on Strong Apple Earnings

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Stocks rallied in trading today as stronger than expected Apple Inc. (NASDAQ: AAPL) earnings lifted market sentiment. Investors’ confidence was also lifted after the Federal Reserve said that it will continue with its easy monetary policy and remains prepare to take action to help the U.S. economy. The comments from the Fed and strong Apple earnings more than offset weak durable goods orders data.

The Dow Jones ended the day 0.69% higher at 13,090.72, the S&P 500 ended the day 1.36% higher at 1,390.69, and the Nasdaq ended the day 2.30% higher at 3,029.63.


Technology stocks led the gains in the S&P 500 in trading today, ending the day 2.65% higher. Basic Materials stocks also rose sharply today, ending the day 1.85% higher. Energy stocks surged in late trading to finish the day 0.86% higher. Consumer Cyclical stocks ended the day 1.24% higher. Financials finished 0.71% higher. Conglomerates were the worst performers today, ending 0.15% lower.

Among the major gainers in trading today were Apple, which ended the day 8.87% higher at $610, Cray Inc. (NASDAQ: CRAY), which ended the day 20.88% higher at $8.51, Motorola Solutions Inc. (NYSE: MSI), which ended the day 5.47% higher at $51.32, Corning Incorporated (NYSE: GLW), which ended the day 7.12% higher at $14.30, and Diebold Incorporated (NYSE: DBD), which ended the day 5.85% higher at $40.68.

Among the major losers in trading today were Zipcar Inc. (NASDAQ: ZIP), which ended the day 10.85% lower at $12.33, and Accretive Health Inc. (NYSE: AH), which ended the day 41.86% lower at $10.75.

European markets also rose sharply today, with all major indexes in region ending the day in green. The FTSE 100 Index in London ended the day 0.16% higher, while the CAC 40 Index in Paris ended the day 2.02% higher.

 

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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