Monday’s Midday Movers: 3 Stories Driving Markets
The major U.S. markets were mixed on Monday as investors weighed differing third-quarter earnings. As of noon:
|DIJA: -0.09% to 15,386.08||S&P 500: -0.04% to 1,743.86||NASDAQ: +0.17% to 3,920.74|
|Gold: +0.92% to 72.3901||Oil: -1.17% to 23.69||U.S. 10-Year: +0.62% to 26.05|
Here are three stories helping shape the market Monday afternoon.
1. Analyst: This Is Apple’s ‘Most Important iPad Refresh’ Since 2010: Will Tuesday’s media event be a watershed moment in the history of the iPad? In a recent note to investors, Cantor Fitzgerald analyst Brian White claimed Apple’s (NASDAQ:AAPL) upcoming iPad refresh will be the Cupertino, California-based company’s most important iPad event since the product was originally launched in 2010.
White believes this iPad refresh is especially significant because Apple’s iPad sales saw year-over-year declines for the first time in the third quarter of fiscal year 2013. However, the analyst expects the next iPad launch “will help put a bottom in the iPad sales cycle”… (Read more.)