Corporate Earnings Give Stocks a Slight Bump (T, AAPL)

Other than the Nasdaq, major indices were all slightly up today, carried mostly by the momentum of positive corporate earnings. This in spite of new Case-Shiller data showing that US home prices hit new lows in February. AT&T (T) announced that its iPhone activations were down by 3.3 million year over year. Apple (AAPL) saw an 88 percent increase in year over year iPhone sales overall, however. The technology company's net income almost doubled from Q1 2011.

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Published on Apr 24, 2012
By InvestorGuide Staff

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