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Apple's results disappointed investors
Published in Saudi Press Agency on 24 - 04 - 2013

The Dow dipped while the S&P 500 edged up on Wednesday as a sharp drop in durable goods orders last month added to worries about slower U.S. economic activity and Apple's results disappointed investors.
Shares of Amgen dropped 6 percent to $106.03, weighing on the Nasdaq and the S&P 500 a day after the drug company reported first-quarter sales below analysts' expectations. The S&P 500 healthcare sector index fell 1.2 percent and was the worst performer among the S&P's 10 sectors.
Helping to limit losses, Boeing jumped 3.4 percent to $91.13 and gave the biggest support to the Dow after the aerospace company reported earnings that beat expectations. Boeing shares rallied despite concerns about the company's 787 Dreamliner.
The market's mixed day followed gains so far this week. The S&P 500 is still up 10.8 percent for the year despite a fairly weak month so far.
Adding to market weakness, March U.S. durable goods orders slid 5.7 percent in March, the government said, marking the biggest decline in seven months. The March drop was slightly more than twice the 2.8 percent decline forecast by economists polled by Reuters.
-- SPA
23:51 LOCAL TIME 20:51 GMT
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