Oil Prices Hit a 27-Month Low; Apple Stock Achieves New All-Time High
PUBLISHED ON: Oct 22, 2014
The U.S. market's strong advances came to an abrupt end today as the Dow is now in the red for the year and the S&P 500 ended its 4-day winning streak. Investors are partially blaming the deadly shootout that occurred in and around Canada's parliament today for the drop. Oil prices continue to slide, falling to a 27-month low. Crude oil fell an additional 2.3% today to $80.60 a barrel, pushing gas prices further below the $3 mark. Is Apple the perfect stock? Many investors are beginning to think so. This morning Apple (AAPL) hit a new all-time high of $104 per share.The tech company's strong earnings report earlier this week seems to have silenced all doubters.
Word on the Street
Posted in ...Daily Market Commentary