U.S. stocks advance help from Tech sector, Durable Goods

S&P 500, Nasdaq Rise; Dow Flat

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  • U.S. stocks moved higher Thursday as huge gains from Apple (AAPL) because Apple beat analyst earnings and thus causing the technology sector to rally and soothing concerns that investors had about the recent declines.
  • The Dow Jones Industrial Average was rising 0.11% to 16,520.58 while the S&P 500 was 0.35% higher to 1,881.88.
  • The March headline number for durable goods orders rose more than expected, up 2.6% vs. the average estimate of 2%. Durable goods is goods that does consumers do not buy on a frequent basis, such as Television or Refrigerators etc. Which shows there is economic expansion as consumers are buying more to show a positive outlook. 
  • Jobless claims for the week of April 19 increased by 24,000 to a more-than-expected 329,000.
  • Crude-oil futures added 0.5% to settle at $101.94 a barrel. Gold rose $6, or 0.5%, to settle at $1,290.60 an ounce.
  •  The dollar fell against the euro and the yen.
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Categories: Capital Markets

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