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.
Word on the Street
- Airlines United (UAL) and Southwest (LUV) top earnings estimates on Thursday.
- Claims on unemployment drop unexpectedly to a five-year low last week.
- Netflix (NFLX) shares skyrocket and surprise many investors.
- Apple (AAPL) continues to weigh heavily on Nasdaq and the tech industry.
- The 30-year mortgage rate in the US rises to 3.42% but remains near record lows.
- Morgan Stanley (MS) to spend $500 million on technology improvements over the next 18 months.
- Gold drops 1% after failing to break through the $1,700 mark, disappointing many.
- Advanced Micro Devices (AMD) soars after surprisingly beating Q4 expectations.
- Mistakes to avoid when switching careers as an older worker.
- Whether we like it or not, time slips away from everyone at work - here are 3 focus areas to help increase productivity.
Published on Jan 24, 2013By InvestorGuide Staff