Mohanraj

Blowout quarter driven by new products lifts share price Apple earnings fail to ignite broader rally in Nasdaq 100 ByThyagaraju Adinarayan January 28, 2022, 5:12 PM GMT+5:30Updated onJanuary 28, 2022, 8:10 PM GMT+5:30 Traders often cite Apple Inc. as a safe haven amid the rout in technology stocks, and for good reason. Ringing up record revenues in a quarter roiled by severe chip shortages impressed Wall Street analysts and investors, pushing Apple shares 3% higher at open. A sobering note for tech investors, though: Even a rally in shares of the world’s biggest company isn’t enough to lift stock prices more broadly: the Nasdaq 100 Index was down 0.4% at 9:35 a.m. in New York, with worries about tighter Federal Reserve monetary policy dominating sentiment.