Market Recap: Dow 13,100 Still Holds Among Investors
Markets closed mixed on Wall Street today: Dow -0.17%, S&P -0.43%, Nasdaq +.13%, Oil +0.60%, Gold -0.36%.
On the commodities front, Oil (NYSE:USO) declined to $96.06 a barrel. Precious metals also declined, with Gold (NYSE:GLD) falling to $1,670 an ounce while Silver (NYSE:SLV) fell 0.20% to settle at $30.85.
Here’s your Cheat Sheet to today’s top stock stories:
After Facebook’s (NASDAQ:FB) problematic public debut in May, the Securities and Exchange Commission is reportedly rethinking pre-IPO quiet-period rules. SEC Chairwoman Mary Schapiro says in a letter to Representative Darrel Issa (R-Calif.) that her staff is reviewing rules about what information companies can release prior to their offerings, according to Reuters, which obtained a copy of the letter.
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Apple (NASDAQ:AAPL) is wasting no time in seeking to ban the sale of Samsung smartphones in the U.S. after its legal victory over the South Korean electronics company last week. While a jury awarded Apple just over $1 billion in damages, the true benefit of the California-based company’s win could come in the opportunity to stifle some of its biggest competition.Apple is seeking bans on the sale of eight older-model Samsung smartphones, including the Galaxy S2 and the Droid Charge.
Lexmark International Inc.’s (NYSE:LXK) shares increased 17 percent. The company said it planned to leave the ink-jet-printer business and slash 1,700 jobs.
Movado Group Inc.’s (NYSE:MOV) shares jumped 17 percent after the company increased its forecast for 2012. Profit for this fiscal year will come in around $1.40 a share, up from its previous $1.15 forecast. Tuesday’s rise represented the greatest share gain since December 2010.
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