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Trading at Noon: FOMC minutes due, earnings preview

Wednesday, April 25, 2012 - 02:41

April 25 - Investors gear up for the Fed's policy statement and a look ahead at earnings reports from Apple, Boeing, Caterpillar and others.

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In about thirty minutes markets will exhale and then releases its statement no interest -- action new policy changes expected although -- and may offer. Slightly improved take on the economic recovery but don't expect that outlook -- -- QE3. That's said the Fed not expected to offer any new news on additional stimulus or easing -- sometimes markets just tread water before that announcement. But that's not the case today thanks to apple this stocks surging -- now it is up. More than 9% of pulling the NASDAQ along for the ride. This is Apple's biggest one day gain in more than three years. The company delivering -- blockbuster quarter putting to rest recent concerns of the -- over reached. With net income nearly doubling and sales of iphones in greater China -- jumping Eiffel. More than a dozen analysts across the street reason price target on average. -- for the box. Apple learning having an impact on other stocks as well where is markets correspondent Charles and hello Jack has more. Cirrus Logic is getting a big -- today the stock is up over 10%. It's a big supplied apple it'd been under pressure the past couple sessions of worries about Apple's results. Now we seen a big pop when Apple's results came in stronger than expected its biggest move and about three and a half months and the stock has backed up over its fifty day moving average. Which is a strong technical signal as well. And shares of Motorola solutions jumping more than 5% today the company beat estimates helped by an 11% jump in sales -- government customers. Investors just can get away from apple today -- -- seeing strength across the board on this powerful result that they said the NASDAQ in particular really taking -- -- nearly 2%. On USP leading it in there we got information technology it is up close to 3% right now. Crude futures are trading lower after EIA data showed a larger than expected inventory rise last week. And gold prices are down that's the weakness -- If treasury debt prices -- -- after cabinet expected to man for 35 billion dollar auction of new high you know. There are actually other companies making news besides apple if you industry bellwethers that would result. This morning Boeing's board have estimates and raised its earnings forecast for the year caterpillar reported 29% increase in Q1 profits but said. It is too much inventory in China and insurer WellPoint posted a lower quarterly profit and increase its outlook for the year. We're gearing up tomorrow for at now Lockheed Martin and Amazon it dropped -- to report. Start minds aren't -- predicts earnings per share nine cents in an iron at 17% higher than me. That's up pretty -- I'm Jen Rogers this is more.

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Trading at Noon: FOMC minutes due, earnings preview

Wednesday, April 25, 2012 - 02:41