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Apple Stock Is a Boon for Nasdaq

Business News

0  Updated at 3:05 pm, April 25th, 2012 By: ABC Digital
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Photodisc/Thinkstock(NEW YORK) — Apple’s blowout-earnings report on Tuesday were a show-stealer for the stock market Wednesday, with the company stock shooting up more than $50 dollars a share.
 
Apple’s gains Wednesday — the tech company’s biggest one-day jump in nearly four years — helped to push technology stocks higher.  The Nasdaq added 68 points by the end of Wednesday’s session. The Dow closed up 89 points, and the S&P gained 19.
 
The Federal Reserve wrapped up two days of meetings to determine that the economy is growing moderately, even with the threat of risk from Europe’s debt crisis.  For now, the Fed won’t take any further steps to boost the recovery.
 
Copyright 2012 ABC News Radio