Apple Reports Results After Hours; House Passes Debt-Ceiling Extension (AAPL, NFLX)

The House of Representatives voted on Wednesday to extend the debt limit in the US while the major indices saw gains for another session. The S&P 500's winning streak has now reached six days and nears the investor target record of 1,500 points. Both Advanced Micro Devices Inc. (AMD) and Netflix (NFLX) reported quarterly revenue that beat estimates and saw shares rise. Coach Inc. (COH) dropped 16% today after announcing disappointing profits.
Many awaited Apple's (AAPL) Q1 results which came after the bell - the company released flat earnings despite a gain in revenue and extend losses. After the budget vote in Washington today, oil futures dropped back down below $96 a barrel. The petroleum inventory data will be released later this week with investors expecting a climb in supplies. The dollar did not change much against the euro but ended lower against the Japanese yen.

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Published on Jan 23, 2013
By InvestorGuide Staff

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