Wednesday, April 21, 2010

MIDDAY LUNCH

Dow 11118.50  +1.44, Nasdaq 2497.11  -3.20, S&P 1205.23  -1.64 

The markets are trading in mixed fashion today but losses seem to be contained by the 1201 support level for the S&P 500 index.

Support in the Dow has come from better than expected earnings reports today from Boeing (BA) 74.18 +2.77, +3.88%, McDonalds (MCD) 70.26 -0.08, -0.11%, AT&T (T) 26.41 -0.25, -0.94%, and United Technologies (UTX) 75.71 +1.51, +2.01%.

Apple (AAPL) 258.43 +13.84, +5.66% continues to trade higher on earnings that beat estimates yesterday after the close and several analysts upgrades on the stock today.

In commodities trading today Crude Oil has rebound from session lows, up +0.02 to $83.87 per barrel after the government said U.S. oil stockpiles rose by 1.9 million barrels last week. Economist had expected a draw of 200,000 barrels. Gold is trading at 1143.3 +4.1.


No comments: