Weekender – “And we’re UP!”


Is there finally some light at the end of the tunnel? After a tumultuous and choppy week ridden with unexpected earnings – both positive and negative – the S&P500 closed at 1238.25, up 1.88% and the DJIA up 2.31% at 11,808.79. One loser, Apple Inc. (AAPL) is down 6.93% after missing forecasted Q4 EPS by $0.23. A winner, audio and electronic systems developer and manufacturer Harman International Industries Inc. (HAR) seamlessly met and surpassed its Q1 EPS by $0.20 and revenue by $45, pushing the stock up 14.76%.

Other key factors supporting the aforementioned include the purport of resolution for the European Debt Crisis with French and German heads possibly uniting to bring an answer. Also, there is currently a line of success and positive earnings in the Eurozone market, speculators and market makers alike hope that this extends into other markets.

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