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This is an archive article published on April 22, 2010

US stocks muddled

As the glow from Apple results faded,so did disappear most of the positive news from markets.

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The initial euphoria from a host of great results posted by major corporates like Apple has disappeared,leaving most stocks listless.

U.S. stocks have closed mostly higher after the glow of strong results at Apple Inc. and a few other companies faded.

Technology and industrial shares have drawn buyers Wednesday after Apple and Boeing delivered results that easily beat expectations. Analysts caution that investors are starting to become accustomed to better earnings and even good news on profits might not push the market higher.

The Dow Jones industrials rose 8 to 11,125. The Standard amp; Poor8217;s 500 index slipped 1 to 1,206. The Nasdaq composite index rose 4 to 2,505.

About three stocks rose for every two that fell on the New York Stock Exchange. Volume came to 1.2 billion shares compared with 1.1 billion Tuesday.

 

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