BUZZ-U.S. STOCKS ON THE MOVE-Apple, Boeing, oil companies, Freescale
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U.S. stocks were buoyed on Wednesday by earnings including Apple and Boeing, but a sharp drop in energy shares cut into gains, leaving indexes little changed. The Dow Jones industrial average was up 0.26 percent at 17,432, the S&P 500 was up 0.10 percent at 2,031.58 and the Nasdaq Composite was up 0.55 percent at 4,707.297.
** APPLE INC, $117.58, +7.73 pct
** AVAGO TECHNOLOGIES INC, $106.45, +1.58 pct
** NXP SEMICONDUCTORS NV, $80.0776, +2.63 pct
** SKYWORKS SOLUTIONS INC, $82.79, +1.56 pct
Apple's quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.
The company's blockbuster results and a ballooning cash pile may prompt it to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. Continued...