Referenced Stocks

Stocks Rise on Strong Earnings Reports, Fed Comments, Pushing Aside Weak Durable Good Orders Last Month

By Midnight Trader,  April 25, 2012, 04:14:54 PM EDT

Stocks closed with broad-based gains today after the Federal Reserve voted to keep interest rates unchanged and forecast further declines in unemployment by the end of the year. All 10 industry sectors in the S&P 500 ended higher, including a 2.5% rise among technology stocks following another blow-out quarter for Apple. Energy stocks rallied this afternoon after some of the Fed post-meeting comments indicated continued signs of economic growth. Stocks leapt out of the gate following strong earnings by Apple ( AAPL ) and Boeing ( BA ), pushing aside weak data on durable goods during March.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: AAPL, BA



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