Apple should support Wall Street

21st April 2010

The U.S. stock market should take another step forward Wednesday. The index futures are predicting a slightly higher opening of U.S. markets. The index futures Standard & Poor's 500 index advancing 0.46% to 2033.50 points. The day the Dow Jones gained 0.23% and the Nasdaq 0.81%. In Asia this morning, the same trend with the Nikkei in particular that ended on a positive note (+1.74%).

Apple Earnings blaze

On Wall Street, the technology sector should benefit from the announcement after the stock market, a 90% surge in net income of U.S. computer maker Apple in the first quarter. Inflated by including a doubling of sales of iPhones, the company's net earnings to net apple exceeds $ 3 billion in the second quarter of its fiscal offset.Turnover was up 49% to 13.50 billion dollars.

Also in the technology sector, Yahoo! also published after the close a net profit group share in the first quarter more than doubled on a year to over $ 310 million payday loans. In contrast, the turnover has been disappointing. It increased only 1% to just under $ 1.6 billion.

On Tuesday, the financial sector, for its part, was carried by the strong quarterly results from investment bank Goldman Sachs, whose future remains clouded by fraud prosecutions brought by securities regulators in the United States and in Great Britain.The firm has more than doubled its net profit in the first three months of the year to nearly 3.5 billion dollars.

On the foreign exchange market, the euro was slightly lower Wednesday as investors watching the talks between Greek officials and teams from the EU, IMF and ECB on aid to Greece due to start Wednesday after a successful bond sale by Athens yesterday. In the early morning, the European currency was worth 1.3433 dollars against 1.3436 dollars the previous day.

Today on Wall Street, investors will monitor the traditional weekly crude inventories will be published in late afternoon.

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