Thursday, April 08, 2010

MIDDAY LUNCH

Dow   10898.52  +0.90, Nasdaq   2428.81-2.99, S&P   1182.48  -0.15 

The stock market has fought its way off session lows and could head into positive territory.

Financials and energy stocks are leading the way.  Both have bounced from the negative to the positive, up +0.3% and +0.1% respectively.  

Energy's reversal comes even though oil prices remain in negative territory.  Contracts for crude currently price oil at $85.50 per barrel, down -0.5%.

Apple (AAPL) 240.11 -0.49, -0.20% announce the introduction of its iPhone  OS 4.0 software that includes support for multitasking and allows the use of a Bluetooth keyboard.  The company also said that it has sold 450,000 iPad’s since its release on April 3.


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