What a difference a day makes. Yesterday, markets plummeted across the board on eurozone worries and concerns the domestic economy isn't as strong as recent reports indicate. However, a new jobs report is boosting markets as all eyes turn to Apple
|Dow Jones Industrial Average ||78.90||0.62%||12,838.05|
Source: Yahoo! Finance.
All three indexes are down over half a percent, with the Nasdaq edging out the S&P 500 as the trading session's current leader. The Dow is performing better, but with only two components showing tenuous gains, "better" is clearly a relative term.
With large financial institutions throwing their heft behind the deal between Greece and its private creditors, it has raised hopes that potential disaster will at least be temporarily averted. That, combined with two bits of domestic news, has Bank of America
But as mentioned earlier, all eyes are on Apple and its new iPad release party. New features include a retina display that quadruples the number of pixels on the screen; 4G LTE for faster connectivity; and a better processor, the Apple A5X quad-core chip. Importantly, Apple managed to hold the line on price at the same $499, despite rumors that the company would be forced to charge more. Even though the product doesn't have a unique look compared to the iPad 2, the under-the-hood improvements and new display should drive massive sales. Both Dow telecom components and Apple partners AT&T
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David Williamson holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Apple and Bank of America. Motley Fool newsletter services have recommended buying shares of Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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