By 1 pm today – the NASDAQ dropped about 31 points (the futures were up 45 points at one time last night). That shows to us a critical point that i have observed over many months now: stocks don’t always follow the futures.
Apple earned $1.67 a share, (up 18% YOY); sales : $45.4 billion (up 7% 3 months) That was well above what analysts expected Apple to earn and for sales ($1.57 a share on sales of $44.89 billion).
Volume was lower on the NYSE compared with the same time Noon EST, but higher on the Nasdaq, (The most intense trading in Apple shares — running about 5 times greater than the 50 days moving average of volume. Losing stocks led winners by 12-to-7 on the NYSE and by about 13-to-5 on the Nasdaq.
Solar energy stocks, the No. 1 industry group out of the 197 that IBD tracks, was Wednesday’s worst-performing