New York, October 26 (FinanceEnquiry.com) – With apprehensions on the subject of feeble business spending keeping investors cautious, stocks stretched out diminutive gains on October 25 in a further lackluster session on Wall Street.
Quarterly earnings that dropped short of anticipations were reported by Apple Inc (NASDAQ: AAPL). As compared with the approximation of Wall Street for $8.75 per share, earnings per share of Apple came in at $8.67. Moreover, even though stock of Apple was down 4 percent when trading began again, it descended to $600.71 by 1.4 percent in extended hours trading post results of the company.
In addition, pointing a probable decline in stocks on Friday, equity futures dropped on the news, with S&P 500 futures skidding to 1,405.20 by 3 points. Even though orders exclusive of volatile defense goods & aircraft were untouched and business investment demonstrated symbols of stalling, orders of the US durable goods grew higher than anticipated in the month of September.
So to close at 13,103.68, the Dow Jones industrial average grew by 26.34 points, or 0.20 percent. Moreover, to end at 1,412.97, the Standard & Poor’s 500 Index ameliorated by 4.22 points, or 0.30 percent. In addition, to finish at 2,986.12, the NASDAQ Composite Index improved by 4.42 points, or 0.15 percent. With only 6.34 billion shares traded on the US exchanges, volume was comparatively light.
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