The Nasdaq made a strong recovery after a 5-day loss as all the major indices opened higher today and stayed in positive territory after the Federal Reserve's decision to keep interest rates unchanged.
On the economic front, the Mortgage Bankers Association said that mortgage applications fell 3.8 percent last week on a seasonally adjusted basis.
In earnings news, the big story was Apple (NASDAQ:AAPL) which posted quarterly results after the bell yesterday, beating Wall Street expectations, sending shares higher today.
Boeing (NYSE:BA) also delivered an impressive earnings report for its first quarter, topping expectations for both earnings and revenue.
On the other end of the spectrum, cigarette maker Lorillard (LO) reported a 10 percent drop in income for the first quarter.
Tomorrow, we'll take a look at the numbers for weekly jobless claims, as well as earnings results from AstraZeneca (ADR) and Exxon Mobile (NYSE:XOM).
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