STTG Market Recap January 24, 2013
Posted on January 24, 2013 at 18:21 PM EST
Stocks were mixed Thursday with the S&P 500 fractionally (and I mean fractionally) making a 7th straight day of new highs whereas the NASDAQ was hurt to the tune of 0.74%, largely due to the damage done by Apple (AAPL) which fell as whopping 12.35%. The broader market surprisingly ignored the Apple news as purchasing managers data in China reached a 2 year high, and the same data from Europe improved slightly from the month before. That led to a morning rally which pushed the S&P 500 over the vaunted 1500 level. However there was some selling in early afternoon but the daily barrage of late afternoon buyers showed up yet again to help lift indexes off their lows. Original post: STTG Market Recap January 24, 2013