Markets Eke Out Small Gains; Apple Misses Earnings Expectations (AAPL, PG)

US indices were able to rise slightly on Thursday despite many continuing worries over earnings and economic growth. Topping expectations was Proctor & Gamble (PG), pushing the Dow up for the day and health  insurer Aetna Inc. (AET) who saw a 2% rise in net profit. Amazon (AMZN) reported a third-quarter loss of $274 million. After the bell Apple (AAPL) announced a 24% jump in earnings but fell short of market expectations.
US durable goods orders rose 9.9% in the month of September and there was a drop in applications for jobless aid over the last week. Uncertainty over quarterly earnings and election results have caused many analysts to have gloomy predictions for the fourth quarter. Investors are looking towards Friday, when the government will release its first estimate of Q3 growth.

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Published on Oct 25, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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