Stock Market Watch

Stocks Surge in Early Trading as Apple Earnings Lift Sentiments

by ·


Stocks are seeing a huge rally in early trading today, with the Nasdaq rising more than 2%. Stocks have been pushed higher as investors digested some solid corporate earnings reports, including blowout quarterly results from technology giant Apple Inc. (NASDAQ: AAPL).

At last check, the Dow Jones was trading 0.66% higher at 13,087.46, the S&P 500 was trading 1.23% higher at 1,388.87, and the Nasdaq was trading 2.18% higher at 3,026.22.


All sectors in the S&P 500 are sharply higher in early trading today. Technology stocks are leading the gains in the S&P 500 in early trading today. At last check, the sector was trading 2.47% higher. Basic Materials stocks are currently trading 1.32% higher, while Energy stocks are currently trading 0.85% higher. Industrials are up 1.17% in early trading, while Conglomerates are up 0.72% in early trading. Financials are currently trading 0.92% higher. Consumer Cyclical stocks are currently trading 1.10% higher.

Apple shares are soaring after the technology giant reported another blowout quarter. The Cupertino, California-based company’s second-quarter profit nearly doubled, driven by stronger than expected iPhone sales in China. At last check, Apple shares were trading 10.22% higher at $617.54.

Other major gainers in early trading today are Panera Bread Co. (NASDAQ: PNRA), which is currently trading 6.10% higher at $157.29, Cray Inc. (NASDAQ: CRAY), which is currently trading 27.84% higher at $9, GeoResources Inc. (NASDAQ: GEOI), which is currently trading 18.46% higher at $36.45, and Boeing Company (NYSE: BA), which is currently trading 4.33% higher at $76.38.

European markets have also risen sharply in trading today. At last check, the FTSE 100 Index in London was trading 0.25% higher, while the CAC 40 Index in Paris was trading 2.28% higher. Asian markets ended on a mixed note overnight.

More Posts by this author

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.


Tags:

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.

You may also like...