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US Indices Make a Late Recovery; Yahoo Reports Earnings After the Bell (YHOO)

By: , dated October 22nd, 2012
On Monday the markets recovered from early losses, helped by the tech industry and Apple (AAPL) specifically. It is clear that investors currently hold a great deal of uncertainty, indicating that there may not be many major moves in the near future. The energy sector was up with Peabody Energy (BTU) reporting earnings higher than previously expected, and BP (BP) and a Russia based oil company ending a nine year relationship with the BP sale of half its stake in the joint venture. In after hours trading Yahoo (YHOO) announced a small gain while Texas Instruments (TI) stock dropped after releasing its third-quarter results. Also on Monday Japan reported a drastic decline in exports, sending global indices down on the weak data. The US dollar gained against both the euro and the Japanese yen.

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