Wed 25 Apr 2012 15:24:00 CT
The June S&P 500 trended sharply higher throughout the session, supported by much better than expected earnings from Apple and comments from the US Fed that they remained prepared to take further action if warranted. A nearly doubling in quarterly profits from Apple seemed to boost optimism for the first-quarter earnings season, as well as its shares by around 9.0%. There were positive earnings this morning from Boeing, which propelled those shares up by more than 4.0% during the session. The positive earnings flow seemed to counter a disappointing Durable Goods report that registered its weakest showing in three-years. The June S&P 500 broke out to new four-day high and appeared on track to challenge last week high of 1390.00. The market will get more earnings after the close from LSI, Novellus, Tractor Supply and Xilinx.
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