Posted: Thursday, January 29, 2015 10:33 AM ET
By: Julian Close
After the open… Stocks took a drubbing yesterday afternoon, as an earnings win from Apple (AAPL) was overshadowed by a sudden drop in the price of oil. You'd think folks would be used to that by now, but apparently not. There was optimism in the pre-market and stocks rose due to an exceptionally low Initial Unemployment Claims number (265K, where the Street was expecting about 300K). McDonald's (MCD) rose on the news that they had fired their CEO.
The biggest news of the day, however, was an earnings disappointment from Alibaba... Read More