U.S. Stocks Rise And Apple Shares Shine

The U.S. stock market has climbed today, and Apple (AAPL) shares have soared as well. The Cupertino-based firm has been doing a great job in the technology industry, and investors seem to be very confident about the firm´s future. Since the Fed had to report at 2:00 p.m. ET, investor´s expectations were kept in check. In fact, the SPX added 4 points or 0.2% where technology stocks were leading these gains. The Dow was also hot in its upward trend climbing 54 points or 0.3%, and the COMP jumped 32 points or 0.6%. Apple shares just soared 7.2% today as well.

Apple Shares Soar

APPLE

Since Apple´s profits exceeded expectations, investors were very happy. And they bought stocks of this firm like crazy, showing all the confidence they can muster. Apple has also topped the important Wall Street`s forecasts. Investors also want to know whether the Fed is going to raise interest rates in September or not. And investor needed to know whether the Fed plans on raising interest rates in the second half of this year or give them a dovish message talking about heightened risks. Anyway, the market believes that the Fed will cause a hike in interest rates possibly by December.

Oil Futures

Oil futures were trading higher and rebounded today. Asian markets were a mix of ups and down, but the European stocks were higher. In addition, investors had to read many conflicting reports about the possibility that the Japanese government will release stimulus measures to keep Japan`s economy healthy. Gold futures edged higher and the DXY was slightly higher as well. In addition, durable goods orders sank in the United States, and this drop was deeper than economists expected. 

Surprises

Earnings declined for Twitter (TWTR) and Coca-Cola (KO), which was a surprise to investors all over the world. Investors were happy about Apple`s earning reports but disappointed about Coca-Cola and Twitter. Apple has been selling well its cheaper iPhone model, but it also reported a revenue decline that was smaller than the market expected. Boeing Co. stock also rose and it experienced a loss that was narrower than investors and analysts expected. Investors were expecting a better sales report from Twitter this quarter, and they were disappointed. So they started selling Twitter stocks like crazy. Since sales dropped too much for Cola-Cola, investors were eager to sell this stock today.

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I do not own any shares or any stocks mentioned in this article.

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