U.S. stock market soared Thursday after comments made by Federal Reserve Chairman Ben Bernanke hinted that stimulus measures would not be scaled back. Bernanke stated the U.S. economy needs "highly accommodative monetary policy for the foreseeable future." Both the Dow Jones Industrial Average and the S&P 500 Index surged to new all-time highs. Stocks that benefit from a low interest rate environment were among the biggest gainers as the he yield on the 10-year Treasury fell to 2.57 percent. S&P 500 companies begin reporting second quarter earnings this week. S&P Capital IQ has forecasted an average earnings growth of 3 percent year-over-year.
Apple Inc. (NASDAQ:AAPL - News) shares traded in the range of $421.17 to $428.25 Thursday before settling to close at $427.29, an increase of 1.56 percent. The stock appears to be facing some resistance at the $428.46 and $436.67 levels with some support at $420.24. Shares of Apple have fallen approximately 19.7 percent in 2013.
More information on Apple and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AAPL
McDonald's Corporation (NYSE:MCD - News) shares traded in the range of $99.76 to $100.96 Thursday before settling to close at $100.79, an increase of 0.81 percent. The stock appears to be facing some resistance at the $102.18 and $102.92 levels with some support at $100.54. Shares of McDonald's have gained approximately 14.3 percent in 2013.
More information on McDonald's and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MCD
PulteGroup, Inc. (NYSE:PHM - News) shares traded in the range of $19.95 to $20.50 Thursday before settling to close at $20.39, an increase of 7.20 percent. The stock appears to be facing some resistance at the $20.81 and $21.38 levels with some support at $20.21. Shares of PulteGroup have gained approximately 12.3 percent in 2013.
More information on PulteGroup and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PHM
Philip Morris International Inc. (NYSE:PM - News) shares traded in the range of $89.66 to $91.08 Thursday before settling to close at $90.34, an increase of 2.16 percent. The stock appears to be facing some resistance at the $91.56 and $92.63 levels with some support at $90.18. Shares of Philip Morris have gained approximately 8.0 percent in 2013.
More information on Philip Morris and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PM
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Source: http://news.yahoo.com/wall-street-fundamentals-releases-depth-stock-reports-aapl-125000154.html
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