S&P Continues to Climb on Thursday While Apple (AAPL) Sinks Nasdaq

On Thursday the S&P 500 briefly broke ahead of the 1,500 mark for the first time since December 2007, but erased gains by the end of the day. The Dow also made small gains today while Nasdaq ended in the red. Jobless claims surprised many and fell to 330,000 last week, the lowest level since January 2008. Apple (AAPL) continued to weigh down the markets after releasing disappointing results and many analysts have adjusted their price targets. In after hours trading Microsoft (MSFT) shares dropped slightly after sharing revenue of $21.5 billion against an estimated $21.6 billion.
Starbucks (SBUX) and AT&T (T) also shared earnings after the bell. The euro extended its climb on Thursday against both the yen and the dollar, reaching session highs against the US currency and suggesting economic easing in the euro zone. Coming up on Friday is December's new home sales report.

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Published on Jan 24, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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