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US Stocks Rise and Apple Shares Shine

The U.S. stock market climbed Wednesday, and Apple ( AAPL ) shares soared as well.

The Cupertino, California-based company has been doing a great job in the technology industry, and investors seem to be very confident about the firmAAs future. Since the Fed had to report at 2 p.m. (EDT), investorAAs 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 Stock

Since AppleAAs profits exceeded expectations, investors were
happy, and they bought shares AA like crazy, showing all the
confidence they could muster. Apple has also topped the important
Wall Street forecasts.

Since AppleAAs profits exceeded expectations, investors were happy, and they bought shares AA like crazy, showing all the confidence they could muster. Apple has also topped the important Wall Street forecasts.

Investors also want to know whether the Fed is going to raise interest rates in September or not, and they 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 the Fed will hike interest rates possibly by December.

Oil futures

Oil futures were trading higher and rebounded today. Asian markets were a mix of ups and downs, but 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 U.S., and this drop was deeper than economists expected. Facebook ( FB ) and Whole Foods Market ( WFM ) will report after the important market`s close.

Surprises

Earnings declined for Twitter (NYSE: 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 by Coca-Cola and Twitter. Apple's cheaper iPhone modelAA has been selling well, but it also reported a revenue decline that was smaller than the market expected. Boeing Co. ( BA ) 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 shares like crazy. Since sales dropped too much for Cola-Cola, investors were eager to sell this stock Thursday.

On a front burner

As investors didn`t expect the Fed to raise interest rates until December, earnings were on the important front burner Wednesday. Investors have also seen many earning reports that they consider a little disappointing, and they are also worried about a potential rise in interest rates this year. However, when investors put the situation in context, they know that it is up nicely for the month and nicely for this year as well. The Standard & Poor's fluctuated around 2,170 producing five points below its all-time high on Friday too.

The rally

The S&P has been in an 8% rally in the past month because

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This article first appeared on GuruFocus .

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


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

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