Stocks End Mostly Higher While Apple Continues to Drop (AAPL, VZ)
While the major US indices notched another gain on Wednesday, global stocks faded a bit as many await a possible confrontation with Syria. Apple (AAPL) continued to stumble today after analysts cut the company's ratings. Many doubt that the newly released iPhone 5C and iPhone 5S are cheap enough to really grow market share. IBM (IBM) was up after announcing plans to sell its customer care business to Synnex (SNX) for $505 million.Earlier today Facebook (FB) rose to a record high, possibly sparked by CEO Sandberg's visit to China. Oil recovered somewhat while the yen dropped near a seven-week low against the dollar and multi-year lows against the euro.
Word on the Street
- Wholesalers in the US increase stockpiles 0.1% in July, after three months of declines.
- Verizon (VZ) sells the largest-ever bond offering on Wednesday.
- Economic recovery in China remains fragile and faces a "complex situation."
- Marathon Oil (MRO) rises after an announcement to sell offshore field.
- Apple's (AAPL) ignorance of low-end markets could be costly later on.
- Why the Dow Jones is getting a stock market makeover.
- NetFlix (NFLX) Hits New High on Virgin Deal.
Published on Sep 11, 2013By InvestorGuide Staff