Market Recap: Apple Pays for iPhones, Yelp Unlocked, WellPoint Loses its CEO
Markets closed up on Wall Street today: Dow +0.03%, S&P +0.08%, Nasdaq +0.13%, Oil -0.23%, Gold -0.21%.
On the commodities front, Oil (NYSE:USO) declined to $95.25 a barrel. Precious metals also declined, with Gold (NYSE:GLD) falling to $1659 an ounce while Silver (NYSE:SLV) fell 0.17% to settle at $30.70.
Here’s your Cheat Sheet to today’s top stock stories:
Apple (NASDAQ:AAPL) has added the iPhone 4S to its Reduce and Recycle program, contributing to the buzz that the next-generation of the device may be coming very soon. The program is designed to let owners of Apple products recycle their device and receive a company gift card in return. Not a bad way to fund the new phone, whenever it comes.
Yelp Inc.’s (NYSE:YELP) shares increased 22 percent. This came as the lockup period expired for 52.7 million of the company’s post-IPO shares.
WellPoint Inc.’s (NYSE:WLP) shares rose 7.7 percent. On Tuesday, the company announced the resignation of its chief executive officer.
Molycorp’s (NYSE:MCP) shares increased 13 percent after its stock had been upgraded. The company also announced this week it started new heavy rare-earth concentrate operations at Mountain Pass, Calif. It also closed its public offerings of convertible senior notes and common stock.
On the down side, Baidu’s (NASDAQ:BIDU) shares dropped 6.2 percent after Barclays cut the company’s price target to $153.