The market was trending sideways until some fresh European bailout news came through the wire and stirred a late afternoon rally. Unfortunately it is nothing close to a fix (see the ZeroHedge article cited below).
Volume rose across the board and the market looks poised to move up from here, however with Apple missing earnings after hours caution should be noted as it could weigh on tomorrow’s action.
Interesting Reads:
- Apple misses earnings (Yahoo Finance)
- Breakdown of latest Europe bailout (ZeroHedge, FundMyMutualFund)
- Where your tax money goes (Big Picture)
- S&P 500 Sector Weightings (Bespoke)
- World’s first malaria vaccine passes trials (Reuters)
- Backlogged foreclosures start to come to light (Calculated Risk)
Apple after hours price action.
