The bulls battled back on Tuesday and were able to recover much of Monday’s losses as Wall Street and the rest of the world awaited Apple’s (AAPL, $560.28, down $11.42) earnings announcement after the close.
The Dow added nearly 75 points, or 0.6%, to settle at 13,001. The index traded up to 13,050 and reclaimed support as 80% of the Dow’s blue-chips ended the session in positive territory. Out of the losers, Wal-Mart (WMT, $57.77, down $1.77) continued its move lower following the weekend headlines of bribery and cost the index 13 points.
The S&P 500 gained 5 points, or 0.4%, to end at 1,371. The index traded down to 1,366 at the open and made a high of 1,375 which was right at resistance.
The Nasdaq slipped 9 points, or 0.3%, to finish at 2,961. Tech started the session in the red and made a brief trip into positive territory before lunch but spent the second half trying to get back to even.
As far as Apple…
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