S&P up for sixth day, Apple slip could halt rally
NEW YORK (Reuters) – The S&P 500 rose for a sixth day on Wednesday after stronger-than-expected profits from IBM and Google but the rally could be halted as Apple’s after-hours miss sent its shares lower. The S&P was just 4. 7 percent from its all-time closing high as IBM’s and Google’s earnings, released after Tuesday’s close, followed on the heels of stronger U. S. economic data. "People were kind of nervous about earnings coming into this quarter but numbers have shown so far strength in earnings," said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply