Apple’s Gains Lead Positive Gains On Wall Street – Acadiana Business Index
Wall Street rises on Apple’s results as the Dow Jones Industrial Average added 83 points.
- Leading the day's gains was Apple, which saw its shares surge over 6%. The technology giant reported earnings and revenue that blew past estimates, helped by sales of iPhones and iPads that more than doubled from a year earlier. The company also provided a second-quarter outlook that was above forecasts.
- The Federal Reserve finished a two day meeting, saying it expects interest rates to stay at "exceptionally low levels" at least until late 2014. The Fed downgraded its outlook for U.S. economic growth this year but was slightly more optimistic about the unemployment rate.
- Light, sweet crude settled at $99.40 a barrel.
- And Gold closing at $1,704 an ounce.