Apple (AAPL) and Exxon (XOM) Highlight Wednesday's Market Events

Stocks make push forward as Coca-Cola (KO) and Seagate Technology (STX) among those hitting 52-week highs. The Federal Reserve has affirmed they see steady growth continuing in the future, mandating they will stick with the current low-rate policy they've been using in an attempt to spur the economy.

The US outlook isn't all positive, though, as a plunge in durable goods orders for March fell the most in three years.

In other corporate news, Apple (APPL) reported a whopping 91% jump in profit. The rise was met with overwhelming approval by investors as the stock jumped nearly 9%. Also, Exxon Mobil (XOM), who has consistently risen their dividend by an average of 6% per year over the last 3 decades, has outdone themselves by boosting it by 21%.

Word on the Street

Interesting Tidbits

Published on Apr 25, 2012
By InvestorGuide Staff
This article was brought to you by the InvestorGuide Staff Writers and Editors.

Copyrighted 2016. Content published with author's permission.

Posted in ...