This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stocks Rise on Earnings; Apple Wows After Close

Stocks in this article: GS AAPL IBM

NEW YORK ( TheStreet) -- Stocks closed higher Tuesday thanks to a collage of strong earnings and higher energy prices, just before investors received blowout earnings news from tech titan Apple (AAPL) after the closing bell.

The Dow Jones Industrial Average finished 25 points, or 0.2% higher, at 11,117. The S&P 500 gained 10 points, or 0.8%, at 1207 and the Nasdaq went ahead by 20 points, or 0.8%, to 2500.

After the closing bell, Apple blew past both top and bottom-line expectations, saying it earned $3.33 a share in the second quarter on $13.5 billion in revenue thanks to improving iPhone sales, among other items. Shares, which declined 1% in the afternoon, were surging 6% in extended trading.

Yahoo! (YHOO) also said it earned 22 cents a share in the first quarter, or 15 cents after excluding items, highlighted by a 20% rise in display advertising since the year-ago period, CEO Carol Bartz said in a statement. But net sales fell just short of Street expectations, coming to $1.13 billion. Shares fell over 2% in the afterhours session.

"I think most of the Goldman stuff has now been worked into the market so it comes down to earnings, which have generally been pretty good," said David Chalupnik, head of equities at First American Funds, earlier in the day. He believes markets will drift higher this earnings season, unlike those of the recent past when macroeconomic concerns overshadowed promising results.

"I think investors are getting more comfortable with the sustainability of the economic recovery, which was an issue in the past two earnings seasons. This time around, I think that confidence in the recovery will allow earnings to drive the market forward," Chalupnik said.

Overseas, Hong Kong's Hang Seng gained 1% while Japan's Nikkei slipped 0.07%. The FTSE in London added 1% and the DAX in Frankfurt advanced 1.7%.

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs