Better-than-expected U.S. retail sales numbers lifted U.S. markets to their best day of 2014 Tuesday. The Dow Jones Industrial Average rallied 0.71 percent, while the Nasdaq Composite Index gained 1.7 percent, pushing it into the green for 2014. Retail sales in December rose 0.2 percent, just topping analysts’ expectations of a 0.1 percent increase. "The surge in sales in December means the momentum will continue into the first quarter of the New Year. 2014 is shaping up to be pretty good from where we sit," said Chris Rupkey, chief economist at Bank of Tokyo-Mitsubishi UFJ.
Apple Inc. (NASDAQ: AAPL) shares traded in the range of $537.66 to $546.73 Tuesday before settling to close at $546.39, an increase of 1.99 percent. The stock appears to be facing some resistance at the $557.95 and $571.37 levels with some support at $541.57. Shares of Apple have gained approximately 5.0 percent in the past year.
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AOL, Inc. (NYSE: AOL) shares traded in the range of $45.10 to $48.11 Tuesday before settling to close at $47.85, an increase of 6.69 percent. The stock appears to have some support at the $46.62, $45.46 and $44.40 levels. Shares of AOL have gained approximately 60.0 percent in the past year.
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Cisco Systems, Inc. (NASDAQ: CSCO) shares traded in the range of $22.20 to $22.52 Tuesday before settling to close at $22.41, an increase of 0.99 percent. The stock appears to be facing some resistance at the $22.52 and $23.43 levels with some support at $22.13. Shares of Cisco Systems have gained approximately 9.0 percent in the past year.
More information on Cisco Systems and access to the free equity report can be found at:
Oracle Corporation (NYSE: ORCL) shares traded in the range of $37.71 to $38.25 Tuesday before settling to close at $38.21, an increase of 1.22 percent. The stock appears to be facing some resistance at the $38.26 and $38.59 levels with some support at $37.88. Shares of Oracle have gained approximately 10.0 percent in the past year.
More information on Oracle and access to the free equity report can be found at:
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