(CNBC) The Nasdaq Composite advanced Thursday as Apple jumped a day after the iPad maker posted sound results, while the broader market held little changed amid concerns about escalating tension between Russia and Ukraine.
“The good thing was Apple’s news. We had a mini-tech wreck here but now we’re coming out of it,” said Mike Serio, regional chief investment officer for Wells Fargo Private Bank.
“Apple’s beat alone added approximately 15 cents to S&P earnings per share, and added 0.5 percent to year-over-year growth on the S&P 500,” Serio added.
The technology sector was also lifted by earnings from Facebook and Texas Instruments.