Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



The Dow Edges Up While Apple Explodes

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The Dow Jones (INDEX: ^DJI  ) is sitting up 0.4% mid-day. That's a decent-sized gain, but it pales in comparison to the huge 1.86% jump in the Nasdaq (INDEX: ^IXIC  ) . There's no subtlety to what's driving the difference: It's Apple (Nasdaq: AAPL  ) .

The company accounts for roughly 18.6% of the Nasdaq, and is up 8.3% on the day, explaining most the Nasdaq's jump. In fact, the technology components in the Dow aren't having a great day. Both Cisco and Hewlett-Packard are flat. While in the green, Microsoft and Intel are both underperforming the Nasdaq benchmark. The fact is, Apple's report doesn't show huge growth across technology, it shows how Apple and companies aligned with it are dominating the technology industry and accounting for most of the growth in the space. Last quarter, IT earnings jumped about 17%, the best among any sector. However, back out Apple and they only grew 4%. My guess is the situation will look much the same once this quarter is fully reported.

Apple has brought on a series of selective gains across the tech space. Key supplier Cirrus Logic (Nasdaq: CRUS  ) is following along at an 8.8% gain. Even OmniVision (Nasdaq: OVTI  ) , which lost out on the main camera sensor for the latest iPhone, is seeing a dubious 7% jump today. Cirrus Logic reports tonight, and with the majority of its sales coming from Apple, it could give investors more insight into both companies' coming quarters.

In broader market news, the Fed issued an endorsement of the economy, saying a gradual recovery is around the corner while the near-term quarters will see "moderate" growth. The real market movement will likely come after 2 p.m. today when the Fed releases forecasts for growth, inflation, unemployment, and interest rates. Following that will be the always-scintillating press conference with Ben Bernanke.

Keep searching for global opportunities
That's it for today's market checkup. If you're left scratching your head about how Apple's blowing away every expectation, look no further than the following statistic: In the past decade, emerging-market consumer spending grew 250%, leaving the growth rates of the U.S. and Europe in the dust. Not surprisingly, Apple's Chinese sales are what pushed it over the top in its incredible last quarter. If you're an investor scanning the world for opportunities, look no further than our new report: "3 Companies Set to Dominate the World." In it, Fool analysts select three companies with international growth opportunities that are simply stunning. The report is free, but won't be available forever, so get your copy by clicking here today!

Eric Bleeker owns shares of Cirrus Logic. The Motley Fool owns shares of Cisco Systems, Cirrus Logic, Microsoft, Intel, and Apple. Motley Fool newsletter services have recommended buying shares of Microsoft, Intel, and Apple. Motley Fool newsletter services have also recommended creating bull call spread positions in Microsoft and Apple. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (7)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1870774, ~/Articles/ArticleHandler.aspx, 5/31/2016 2:03:16 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 3 days ago Sponsored by:
DOW 17,873.22 44.93 0.25%
S&P 500 2,099.06 8.96 0.43%
NASD 4,933.51 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/27/2016 4:43 PM
^DJI $17873.22 Up +44.93 +0.25%
^IXIC $4933.51 Down +0.00 +0.00%
NASDAQ Composite… CAPS Rating: No stars
AAPL $100.35 Down -0.06 -0.06%
Apple CAPS Rating: ****
CRUS $35.74 Down -0.77 -2.11%
Cirrus Logic CAPS Rating: ****
OVTI.DL $0.00 Down +0.00 +0.00%
OmniVision Technol… CAPS Rating: *****