Apple shares beat odds on latest futures close

By IVCPOST Staff Reporter

Jul 23, 2013 10:12 AM EDT

Despite a general negative outlook on Apple's future performance, Apple Inc. gained after today's mostly positive trading.

Nothing spectacular was suggested by the U.S. stock futures after this day's close. Dow Jones Industrial Average gained 26 points, which is 0.2% to 15,517. The Nasdaq 100 picked up 0.2% or 7 points, to 3,054.50 while the Standard & Poor's 500 index rose 0.2% or 3.20 points, to 1.693.50.

The star players of today's trading were the healthcare and financial sectors, which spearheaded the S&P 500's rise to its 23rd highest close in history.

The most prominent gain went to Apple, which analysts previously expected to drop due to sales and low pricing. Competition from other smartphone makers also suggested a drop in the company's revenue. However, in the premarket trade, the company reported a 0.2% increase.

"The risk tone in general has picked up following Federal Reserve head Ben Bernanke's dovish testimony last week in which he pledged to maintain ultra-loose monetary policies for the foreseeable future," commented market strategist Ishaq Siddiqi.

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