Wall Street Greek

Editor's Picks | Energy | Market Outlook | Gold | Real Estate | Stocks | Politics
Wall Street, Greek

The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Wednesday, January 28, 2015

Apple Quells Market Fear of Currency Exposure

Just a day after the SPDR S&P 500 (NYSE: SPY) fell by 1.3% on currency impact fear generated by the reports of Caterpillar (NYSE: CAT) and Microsoft (Nasdaq: MSFT), the stellar report of Apple (Nasdaq: AAPL) and news from Boeing (NYSE: BA) had the SPY up sharply. The market was sent into a tizzy Monday after the currency-dirtied EPS reports of Caterpillar (NYSE: CAT), Microsoft (Nasdaq: MSFT), 3M (NYSE: MMM) and others. Suddenly, what should have been expected given the sharp gains of the dollar this past quarter was shocking the entire market. The Dow Jones Industrials took an even bigger hit than the S&P 500 thanks to the multinational exposure of its components; the SPDR Dow Jones Index (NYSE: DIA) was down 1.65% yesterday. The PowerShares QQQ (Nasdaq: QQQ) was off by 2.6% thanks to Microsoft. Needless to say, given Apple’s influence, it’ll be up significantly today. See the market report here.

DISCLOSURE: Mr. Kaminis is long AAPL. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

tow truck Queens NY

Labels: ,

free email financial newsletter Bookmark and Share

0 Comments:

Post a Comment

<< Home