The markets were mostly strong today as earnings from Apple and no rate change from the Federal Reserve prompted a small rally. The Dow 30 gained 1, the S&P 500 lost 2, and the Nasdaq 100 was the strongest, up 29.
Were not done yet. Earnings season is still going strong and traders will now turn to the big names like Facebook (FB ) and Alphabet (NASDAQ: GOOGL), along with many others for a reading of overall economy health.
Apple (AAPL ) stole the medias attention today (at least until Donald Trump spoke) as they focused on earnings. The stock jumped 6.58% after beating analysts' bottom-line estimates for the quarter and surpassing iPhone sales estimates. Traders noticed that the move today filled the gap from the previous earnings release and volume was above average.
Rockwell Automation (ROK ) suffer a 3.09% decline today after missing top-line expectations for the quarter. The company cited mixed market conditions for the 6.4% year-over-year decline in revenue. Volume was mostly average today and shares still remain near 2016 highs.
In the oil space Anadarko Petroleum (APC ) traded lower by 1.68% as the recent downturn in crude oil overshadowed their above-consensus quarterly results. Also in the space, Valero Energy (VLO ) and Marathon Petroleum (MPC ) have felt the pain of the oil decline, losing 0.85% and 1.99%, respectively.
Coca-Cola (KO ) suffered a 3.30% loss today after lowering its full-year earnings estimates below consensus and also lowering its organic revenue outlook. The company also cited weak sales in China going forward.
Lastly, Wyndham Worldwide (WYN ) fell sharply today (-8.45%) after missing top-line estimates for the quarter and lowering its revenue guidance for the full year. Trading volume was well above average on todays decline.
