Apple 3Q profit jumps 31 percent but stock drops (AP)

AP - Macintosh and iPod sales helped boost Apple Inc.'s fiscal third-quarter earnings 31 percent, beating Wall Street's expectations Monday, but investors pummeled the stock after Apple issued soft guidance for the current quarter.

Apple stock drops despite jump in Q3 profit

Shares of Apple Inc. fell sharply as investors focused more on the company's cautious guidance for the current quarter than on the blockbuster Macintosh and iPod sales during the previous three-month period.

Intel 2Q profit jump reassures Wall Street about robustness of global PC demand

Worried that the ailing U.S. economy has spilled abroad and hurt global PC sales, investors had subdued expectations for Intel Corp. in the second quarter. Intel is the world's largest computer chip maker, and its fortunes rise and fall with swings in PC demand.

Stocks slide as outlooks spur economic fear (Reuters)

Reuters - Stock futures slid on Tuesday as disappointing outlooks from bellwethers, including Apple Inc and Europe's Vodafone , increased concerns about weakening economic growth and more fallout from the U.S. housing slump.

Stocks mostly higher as crude drops $4 a gallon

Wall Street traded mostly higher Tuesday as investors were encouraged by another sharp drop in oil prices and snapped up shares of undervalued financial companies.

Wall Street to tumble on disappointing 2Q results

Wall Street looked to open sharply lower Tuesday after a dismal quarter from Wachovia Corp. and other blue chips heightened concerns about corporate results amid the ongoing credit crisis.