Investing.com - Financial Markets Worldwide
⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Apple And Facebook Surprise With Quarterly Reports

ByMayzus
AuthorLiteForex Europe
Published 04/24/2014, 12:31 AM
Updated 03/09/2019, 08:30 AM
AAPL
-
META
-

As we noted yesterday, the reporting season in the US passed successfully. Many companies are presenting positive results and showing increased profit.

Apple Inc (NASDAQ:AAPL) continues to show phenomenal numbers, confirming that the net profit of the company is growing, the volume of buy-back was increased to 90 billion dollars, and the size of liquid assets and cash on accounts of the company, makes 156 billion dollars. Facebook Inc (NASDAQ:FB) also reflected profit growth, but in the stock market, at the current stage, shares of Apple look more interesting to invest in as opposed to Facebook, although both companies’ shares showed growth over the course of yesterday’s trading session.

New Home Sales in the US made 384 million, while analysts expected the indicator to increase from 449 million the month earlier to 450 million in March. The index of business activity in the industry sector also showed a decrease, the indicator made 55.4 points, whereas analysts expected the indicator to be on the level of 56,0 points.

As a result, indices finished the trading session on almost the same levels as the day before. The Dow Jones Industrial Average index lost 0.08% and was closed on the level of 16501.65 points. The S&P 500 dropped by 0.22% to the level of 1875.39 points, and the Nasdaq decreased 0.83% reaching 4126.97 points.

Today in the morning in Europe, we already saw the data on the index of the business climate of Germany, which showed an increase to the level of 110.7 points. Despite analyst expectations of a decrease from the level of 111.2 points to 110.5 points. Later today, attention needs to be paid to the number of durable goods orders and initial jobless claims in the US/

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.