Sun, Jan 27, 2013 - Page 15 News List

US markets up even as Apple struggles

ROTATIONAL BUYING:While Apple’s shares tanked on its gloomy outlook for this year, other stocks such as Procter and Gamble and ExxonMobil picked up the slack

AFP, NEW YORK

“Several months ago, one would have shuddered at the thought of what Apple losing 12 percent in a day would have meant for the broader market,” he said. “Now, it is looked at as a stock with company-specific issues.”

With many technology and banking equities having already reported earnings, the coming week will see results from a smattering of major companies, including ExxonMobil, Caterpillar, Pfizer and Boeing, which will no doubt face many questions about the prospects of its troubled 787 Dreamliner.

The week will also see its share of important economic indicators, including Wednesday’s release of GDP data and Friday’s much-watched accounting of non-farm payroll data and the unemployment rate.

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