Markets Maintain Momentum, Up On Apple Earnings Day

Despite European markets sliding and IBM’s earnings miss weighing on the Dow, the major benchmarks continued upwards from Friday’s gains and were all in the green ahead of Apple’s quarterly earnings, which came in much better-than-expected.

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Nymex crude oil ended a two day winning streak and fell slightly losing $0.04 to settle at $82.71 per barrel down 0.04%.  Gold prices climbed as the precious metal gained 5.7% to settle at $1,244.70 per ounce up 0.46%

The major averages all finished in the green and the Dow Jones Industrial Average climbed into positive territory late in the session to close at 16,399.67 up 19.26 points or 0.12%.  The S&P 500 climbed quickly into positive territory and ended the day up 0.91% after gaining 17.26 points to close at 1,904.02.

The NASDAQ Composite gained 57.63 points to close at 4,316.07 up 1.35% while the tech heavy NASDAQ 100 jumped 1.43% ahead of Apple’s earnings gaining 54.61 points closing at 3,870.08.

The Small cap Russell 2000 gained 12.63 points or 1.17% to close at 1,094.96 and the Fox50 gained 111.49 points to close at 1,351.33 up 0.86%.