Dow Reaches 16,000; Apple Purchases 3-D Sensor Company

The Dow Jones reached and rose above 16,000 for the first time ever as the S&P 500 neared 1,800. The Dow was the only one of the three main indexes to finish in the green at the end of trading today. Retailers are releasing their holiday deals even earlier this year and Nielsen predicts that this going to have an impact on the amount of people who are going to be shopping on Black Friday. They predict that these early offers in addition to stores opening on Thanksgiving and retailers offering similar deals online will minimize the size of the crowds that will shop in physical stores on Black Friday.
Tesla's (TSLA) shares continue to struggle as they reached a four month low today. Many variables have impacted Tesla over the past couple of months ranging from vehicle fires to just a poor overall outlook for the company. Apple (AAPL) TV recently pushed back its release day until 2015, may be creating a new type of television experience. With Apple's $345 million purchase of PrimeSense there may be some new 3-D properties to their TV.

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Published on Nov 18, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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