Major Indexes Stage Massive Rally
The markets rallied significantly from intraday lows today, with all indexes
green across the board. The markets rallied on growing sentiment that U.S.
financial companies, from big banks to mortgage investment companies, will be
able to weather the current economic and corporate storm.
Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) fell as much as 17% after the company announce Q2
expectations for 2008 which did not meet analyst projections (full
story).
Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating) fell more than 20% after the company reported an
84% decline in Q4 profits (full
story).
Texas Instruments
(
TXN |
Quote |
Chart |
News |
PowerRating) rallied 4% after reporting better than
expected earnings this morning (full
story).
Pfizer
(
PFE |
Quote |
Chart |
News |
PowerRating) rallied today, despite posting a drop in Q4 profits;
the earnings report managed to beat analyst expectations (full
story).
Crude oil futures fell more than 2% on slow growth concerns, and gold futures
were also lower (-0.5%).
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