World Week Ahead Eyes on Apple, US GDP

Sun, 21 Oct 2012

By Margreet Dietz Oct. 22 (BusinessDesk) – Investors are hoping that a slew of US corporate quarterly results this week including from Apple will help snap the market out of the funk that hammered Wall Street on Friday. Heading into the weekend, the Dow Jones Industrial fell 1.5 percent, the Standard & Poor's 500 fell 1.7 per cent and the Nasdaq Composite shed 2.2 percent – Friday's sell off was triggered in particular by earnings, sales and outlook misses from tech stars Microsoft, Google and International Business Machines. Mitigating t...

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