MENU

Nation

Thursday, May 09, 2024

Stocks open higher as Apple, Boeing earnings jump

April 25, 2012 10:00 am • Last Updated: April 25, 2012 5:24 pm

NEW YORK (AP) _ Another record quarter for Apple is sending the Nasdaq composite index sharply higher at the opening of trading.

The Dow Jones industrial average and the Standard & Poor's 500 index also rose as other big corporate names like Boeing and Corning turned in strong earnings results of their own Wednesday.

The technology-focused Nasdaq jumped 53 points, or 1.8 percent, to 3,015 shortly after the opening bell. Apple soared 9 percent to $610 a share.

The Dow rose 71 points to 13,071, about half a percent. The S&P 500 rose 15 points, about one percent, to 1,387.

European markets also rose. France's CAC-40 was up 2.3 percent and Germany's DAX was up 1.7 percent. The dollar and U.S. Treasury prices fell as investors moved money out of safe assets.

Comment threads are monitored for 48 hours after publication and then closed.

STORIES THAT MAY INTEREST YOU

House rejects Rep. Greene's effort to remove Speaker Johnson from office

Washington — Hardline Rep. Marjorie Taylor Greene tried and failed in sudden action Wednesday to oust House Speaker Mike Johnson, her long-shot effort swiftly and resoundingly rejected by Democrats an...

Biden says U.S. won't supply weapons for Israel to attack Rafah, in warning to ally

Washington — President Joe Biden said Wednesday that he would not supply offensive weapons that Israel could use to launch an all-out assault on Rafah — the last major Hamas stronghold in Gaza — over ...

Russia launches a 'massive' missile and drone attack on Ukraine's energy facilities

KYIV, Ukraine (AP) — Russian forces unleashed a nighttime barrage of more than 50 cruise missiles and explosive drones at Ukraine’s power grid Wednesday, targeting a wide area in what President Volody...

Israel seizes Gaza's vital Rafah crossing, but the U.S. says it isn't the full invasion many fear

Cairo — Israeli troops seized control of Gaza’s vital Rafah border crossing on Tuesday in what the White House described as a limited operation, as fears mount of a full-scale invasion of the southern...