(as of 7:10 AM PST)
The big news today is the response from Apple's corporate profit report which handily beat market expectations after yesterday's market close. On top of the sterling profits Apple announced another huge stock buyback program. This morning's response?...Ho-hum. The buildup of excitement over the earnings release demanded an even greater performance, thus the stock is down slightly in early trading. European markets are down moderately with some negative economic data showing weakness in Euroland. Asia markets are mixed with China disappointing those hoping for another economic stimulus program by downplaying that course of action. There are lots of corporate earnings reports coming out and they are a mixed bag with no significant market moving news. Oil and gold are hovering around flatline. Interest rates are stable while the dollar is generally down against most currencies. Consumer confidence in the US fell this morning pulling stocks down. A general negative pall seems to be the order of the day.
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