Positive Earnings Outshined Disappointing Economic Data – Acadiana Business Index
Markets ended the session higher as positive earnings outshined disappointing economic data. Ken Meyers has the latest on what's happening on Wall Street in Wednesday's Acadiana Business Index.
- At the closing bell, the Dow Jones advanced 88 points to 13,090, the S&P 500 added 19 points to 1391 and the Nasdaq gained 68 points to 3030.
- A weaker-than-expected March durable goods orders had little effect in discouraging investors following several strong corporate profit tallies and an upward revision in the Federal Reserve’s economic growth forecast.
- Shares of Apple rallied $49.72 to $610.00 after strong iPhone sales in China helped the company exceed analysts’ expectation in the quarter.
For the complete report on what happened Wednesday on Wall Street, click Ken's Market Report.