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Market Recap – Weakness Continues But Apple Jumps After Earnings Beat

Courtesy of Blain.

Today was a mixed session. While growth stocks took a hit across the board, dragging the NASDAQ to another close in the red (-0.3%), the financials focused S&P 500 closed higher (+0.4%).

On the earnings front, Baidu (BIDU) is tanking after hours thanks to an earnings miss while Apple (AAPL) is up trading back near $600 thanks to another stellar quarter. The key to success was growing demand for the iPhone overseas. A look at the after-hours session,

This has single handedly caused market futures to rise heading into tomorrow which should make things interesting. Stay frosty out there and I will see you back here tomorrow.


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