Thursday, April 26, 2007

Apple Stocks on Fire

Apple Shares Rise After Blowout Earnings Thursday April 26, 9:50 am ET By May Wong, AP Technology Writer
Apple Shares Soar Above $100 for 1st Time After 2nd-Quarter Profit Jumps 88 Percent
SAN JOSE, Calif. (AP) -- Shares of Apple Inc. rose more than 6 percent early Thursday, continuing to soar above $100 for the first time after the company walloped Wall Street expectations with quarterly profit that jumped 88 percent on strong sales of its iPod players and Macintosh computers.

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Wednesday, April 25, 2007

Stock Market Reaches 13,000

AP - Dow Passes 13,000 on Earnings DataWednesday April 25, 5:32 pm ET By Madlen Read and Tim Paradis, AP Business Writers
The Dow Jones Industrial Average Passes 13,000 As Upbeat Earnings Reports Continue

NEW YORK (AP) -- It looks like cause for celebration: The Dow Jones industrial average surged from 12,000 to 13,000 in just six months. But appearances can be deceiving, and there may be more reason to worry than rejoice about Wall Street's latest accomplishment.
Stronger-than-expected profits from several large companies helped push the stock market to historical heights. But many big corporations, including the Dow components, made a chunk of that money overseas, where economies are growing faster than in the United States. And many of the same worries that weighed on investors earlier in the year remain: rising energy costs, a slumping housing market and a possible credit crunch.
Still, the stock market's best-known indicator swept past its latest milestone shortly after trading began Wednesday, and even made it past 13,100, rising as high as 13,107.45. The Dow, which has risen in 18 of the past 20 sessions and gained more than 780 points in that time, closed at 13,089.89, up 135.95, or 1.05 percent. It was the Dow's 35th record close since the start of October.

Read More at Yahoo Finance