Market Recap: Coal Stocks LOVE Heat Waves, Netflix POPS 13.4%, Oil SLIPS
Markets closed down on Wall Street today:
Dow -0.36%, S&P -0.47%, Nasdaq 0.00%, Oil -0.98%, Gold -1.05%.
On the commodities front, Oil (NYSE:USO) declined to $86.80 a barrel. Precious metals also declined, with Gold (NYSE:GLD) falling to $1,605 an ounce while Silver (NYSE:SLV) fell 0.57% to settle at $27.67.
Here’s your Cheat Sheet to today’s top stock stories:
It looks as though Apple (NASDAQ:AAPL) finally picked a fight it couldn’t win after the High Court in London ruled in favor of HTC in a patent dispute brought by Apple. The judge ruled Thursday that HTC had not infringed four technologies that Apple had claimed as its own.
Don’t Miss: FRESH LEAK: iPad Mini Due This Fall.
Asure Software Inc.’s (NASDAQ:ASUR) shares jumped 23 percent after the company announced a deal to acquire PeopleCube. With the transaction, the company will become the world’s biggest provider of workplace-management technologies.
Netflix Inc.’s (NASDAQ:NFLX) shares increased 13 percent on gains made from Tuesday’s trading session. After the market’s close on that day, CEO Reed Hastings posted on his Facebook page that the company would see growth in its online streaming service. The company had reported record traffic for June in this area and has forecast continued growth.
RealNetworks Inc.’s (NASDAQ:RNWK) shares dropped almost eight percent after the company said that Thomas Nielsen, president and chief executive had resigned. In the interim, chairman Rob Glaser will take over.
Thanks to the recent heat wave across the United States, James River Coal Co.’s (NASDAQ:JRCC) shares increased 19 percent, while Patriot Coal Corp. (NYSE:PCX) gained 35 percent. Their power plants are trying to keep up with demand and are running overtime.
Investing Insights: Gold and Silver Decline on Stronger U.S. Dollar.