Apple’s Rally and Boeing’s Bad News Bears: Market Recap
The U.S. equity markets closed Wednesday on a mixed note. Volatility remains relatively low despite a battery of economic news as investors seem determined to focus on earnings this season.
At the close: DJIA: -0.17%, S&P 500: +0.02%, NASDAQ: +0.22%.
On the commodities front, Oil (NYSE:USO) climbed 0.95 percent to $94.17 per barrel. Precious metals were also down, with Gold (NYSE:GLD) falling 0.24 percent to $1,679.80 per ounce, and Silver (NYSE:SLV) falling 0.11 percent to $31.50 per ounce. The U.S. Treasury 10-year yield fell 0.019 points to 1.817 percent.
Japan’s two largest airlines, All Nippon Airways and Japan Airlines, grounded their fleets of Boeing (NYSE:BA) 787 Dreamliners on Wednesday after a battery issue on a domestic flight forced an emergency landing. Shares were off 3.38 percent for the day… (Read more.)
Chipotle Mexican Grill (NYSE:CMG) fell over 8 percent in morning trading on Wednesday before cooling off to more modest losses of about 5.6 percent. Investors jumped ship after the company announced preliminary results for the fourth quarter, which suggest a weak end to the year and continued troubles in 2013… (Read more.)
New data compiled by the NPD Group revealed a trend in coffee drinking habits that bodes well for Green Mountain Coffee Roasters (NASDAQ:GMCR). Based upon coffee drinking habits in the United Kingdom, the firm released a chart that showed a distinct difference between the growth rates of the traditional coffee sector and the specialty coffee sector… (Read more.)