Stocks ended little changed, as investors moved to the sidelines to survey the latest twists in the debt ceiling drama. Apple reported strong earnings after the bell Tuesday and rose nearly 3%. Yahoo was the weakest performer on the QQQ, with shares falling almost 8%. The company reported weakness in display and search revenue, as well as a lower-than-expected outlook. After hours, Intel jumped more than 1% as the chipmaker beat forecasts for earnings and sales.
Thursday, July 21, 2011
Upside seen limited
Stocks ended little changed, as investors moved to the sidelines to survey the latest twists in the debt ceiling drama. Apple reported strong earnings after the bell Tuesday and rose nearly 3%. Yahoo was the weakest performer on the QQQ, with shares falling almost 8%. The company reported weakness in display and search revenue, as well as a lower-than-expected outlook. After hours, Intel jumped more than 1% as the chipmaker beat forecasts for earnings and sales.
