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KiplingerJan 28, 2022
Stock Market Today: Apple Lifts Stocks to Cap Wild Week
If nothing else, the stock market was tenaciously consistent in its inconsistency this week. Stocks managed to finish up Friday, but not before a fifth consecutive session that saw stocks close far differently than how they opened.

The fourth-quarter earnings season did much of the driving today. First and foremost was Wall Street's largest company - $2.7 trillion Apple (AAPL, 7.0%), which announced record quarterly revenues and 25% earnings growth, beating analysts' estimates on both the top and bottom lines.

SEE MORE The 15 Best Value Stocks to Buy for 2022 "We would characterize this quarter as a "stunner" on iPhone/Services demand and Cupertino's ability to navigate a supply chain shortage in almost Teflon-like fashion," says Wedbush analyst Daniel Ives, who reiterated his Outperform rating and $200 price target.

Visa (V, 10.6%) and Mastercard (MA, 9.2%) both surged on the former's Q4 report, which saw the credit-card processor eclipse $7 billion in quarterly sales for the first time and easily beat revenue and profit expectations.

Chevron (CVX, -3.5%) provided some drag, however, after reporting a mixed final quarter of 2021; revenues of $48.1 billion were better than expected, but net income of $2.56 per share was woefully shy of Wall Street's bar, set at $3.12 per share.

Also Friday, the Bureau of Labor Statistics said that employment costs grew 1.0% during the fourth quarter - below expectations for

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