Seeking Alpha

Stocks mostly higher, but techs drag on Apple concerns

  • Stocks finished mostly higher, with the S&P 500 racking up a seventh straight gain, but the Nasdaq fell amid Apple's sharp slide.
  • Syria worries have receded into the background, and next week's FOMC policy meeting is now first on investors' radar.
  • The tech sector trailed, with Apple -5.4% on analyst worries that its new lower-priced iPhone isn't cheap enough to win many buyers in emerging markets.
  • Oil prices rose 0.2% to $107.56 after two days of declines, gold fell $0.20 to $1,363.80; Treasurys rallied after a strong auction, with the 10-year yield slipping to 2.92%.
Comments (1)
  • Cboe_1600
    , contributor
    Comment (1) | Send Message
    I'm a working stiff, growing a money tree.
    11 Sep 2013, 10:26 PM Reply Like
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