Wednesday, 28 October 2015

Wall St slips on rate uncertainty; Apple up after the bell

US stocks slipped on Tuesday on uncertainty over the US rate outlook and disappointing results from Ford and other companies.
Upbeat results from Apple after hours, however, could give the market a boost on Wednesday. Shares of Apple, the biggest company by market capitalization, rose 2.8 percent to USD 116.89 after it reported higher-than-expected earnings and revenue. 
Apple's stock ended the regular session down 0.6 percent at USD 114.55. Nasdaq 100 e-mini futures NQc1 also edged up after Apple's results. 
"Both earnings and revenues were above expectations, which I think was well embraced based on the fact that a lot of companies have been struggling on the top line," said Daniel Morgan, senior portfolio manager at Synovus Trust Company, which owns Apple shares.

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