Market Wrap: Apple Makes Investors Happy; Greece is Stalled; IMF Trims Growth Outlook

Market wrap-up for January 24th:

End of the Day: Dow Jones down 33.1 to 12,675.75; Nasdaq up 2.5 to 2,789.64; S&P 500 down 1.4 to 1,314.65.

The following is a brief summary of events moving markets today:

• Expect the impossible: Apple (Nasdaq: AAPL) came out swinging Tuesday, with an earnings report that would make any mom proud. Revenue for the second-largest U.S. company grew another 73.3 percent to $46.33 billion and earnings were $13.87 per share, more than double the earnings from last year's first quarter. The numbers decimated Street views calling for revs of $38.85 billion and EPS of $10.08 per share. Sales of iPhones were 37.04 million, which was toward the upper-end of many analyst estimates.
  
  For more color on the numbers, click here.
  
  
• There will still be growth, just less of it: The International Monetary Fund (IMF) cut its 2012 global growth outlook from 4.0 percent prior to 3.3 percent. For 2012, the IMF reduced numbers from 4.5 percent down to 3.9 percent. The IMF cited increased financial concerns and further downside for Europe.
  
  
• Mmm...hamburgers: McDonald's is a monster. If one economy isn't figuratively biting, then it'll draw from a different economy. In the case of its fourth-quarter results, Europe led sales with comps growth of 7.3 percent. Earnings for McDonald's came in at $1.33 on revs of $6.82 billion.
  
  
• Another one bites the dust: Ticonderoga Securities is expected to close its doors following unsuccessful attempts to raise capital. At the end of 2010, the firm reported net capital of $8.3 billion and assets of $30 million.
  
  
• Greece less effective: More stalemates for talks in Greece as a director for the IIF who is managing negotiations for Greece with private debt holders put an offer on the table which would signal larger losses for the investors. The director, Charles Dallara, called it the "maximum" offer. Despite the stalemate, U.S. markets are less reactive to issues in Greece than they were last year, when any word of default would send markets into negative territory.

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