RefBan

Referral Banners

Yashi

Wednesday, September 3, 2014

NASDAQ FALLS AS APPLE LAGS: Here's What You Need To Know

   MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
Closing Bell
 

September 03, 2014

Planes on a golf courseStocks were mixed on Wednesday as the Nasdaq served as the day's largest loser, as shares of Apple weighed on the tech index. Apple shares were down more than 4% on Wednesday after one analyst recommended investors take profits in shares.

First, the scoreboard:

  • Dow: 17,078.28, +10.7, (+0.06%)
  • S&P 500: 2,000.72, -1.6, (-0.1%)
  • Nasdaq: 4,572.56, -25.6, (-0.6%)

And now, the top stories on Wednesday:

1. The Federal Reserve released its latest Beige Book report on economic activity, which showed that economic activity continued to grow in each of the Fed's districts. The pace of growth was little changed from the last Beige Book report, released at the end of July, and the report showed that five districts "explicitly reported that contacts... remained optimistic about future growth." In a note to clients following the Beige Book report, Jesse Hurwitz at Barclays said, "Taken together, this report is consistent with our expectation of continued moderate economic growth and further tightening in labor markets." 

2. U.S. auto sales had a huge month in August. The annualized pace of sales jumped to 17.45 million in August, up from 16.4 million in July and way more than the 16.6 that was expected by analysts. This was also the highest annualized pace for auto sales in July 2006. Among the notable individual reports were a 20% sales jump for Chrysler, which beat expectations for a 12% increase, and a 9.4% increase for Mercedes-Benz, the luxury carmakers best-ever sales for the month of August. Nissan/Infiniti sales also crushed expectations, growing at an 11.5% pace against expectations for a 2.7% rise. 

3. U.S. factory orders jumped 10.5% in July following a 1.5% gain, though this jump was slightly less than the 11% expected by economists. This jump in orders followed the huge 22.5% gain seen in durable goods orders last week. 

4. Andrew John Hall, one of the most successful oil traders in the market, sees crude oil prices going to $150 a barrel within five years. Hall, who is known as "God," by some of his competitors, sees America's shale boom receding, pushing oil prices higher. Hall has been telling subscribers to his investing newsletter that he's been buying up long-dated crude contracts. 

5. A report from CNBC said that Tesla has chosen Nevada as the site of its much-anticipated Gigafactory. A Tesla representative told Business Insider that, "We look forward to meeting with Gov. [Brian] Sandoval and other legislators in Carson City, [Nevada] tomorrow to announce a major economic development."

6. According to a Reuters report, activist hedge fund investor Carl Icahn sold his entire position in discount retailer Family Dollar and took home a $200 million profit. Icahn was the company's largest shareholder after taking a 9.4% stake in June, and at the time Icahn pushed the company to seek a sale. As of Tuesday, Dollar General had raised its bid for Family Dollar to $9.1 billion, or about $80 per share. 

7. Apple shares fell more than 4% as the company continues to deal with the fallout from the leak of nude celebrity photos from its iCloud service, while on Wednesday Andy Hargreaves, an analyst at Pacific Crest, said that investors should take profit in Apple shares. Apple is expected to announce a new lineup of iPhones, as well new payments and wearable products, at an event next week and ahead of this announcement, Hargreaves said: "Based on the work we have done, we do not expect either new segment to drive incremental profits that are meaningful to Apple's scale in the near to medium term."

8. The European Central Bank is set to announce its latest monetary policy decision on Thursday morning at 7:45 am ET, with ECB president Mario Draghi set to hold a press conference that begins at 8:30 am ET. Expectations are for the bank to keep rates unchanged, but with the Eurozone economy continuing to flirt with recession, investors are eager to hear if Draghi signals any intention to engage in quantitative easing. 

Don't Miss: The 27 Most Competitive Countries In The World »

Share the latest business news with your network:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, 8th fl, NYC 10011
Sailthru

Bernie Madoff's Only Surviving Son Dead at 48 (Newser Happy Hour 6-pack)

Newser Alert
The day's six most popular stories, in time to unwind.


Bernie Madoff's Only Surviving Son Dead at 48

Bernie Madoff's Only Surviving Son Dead at 48

(Newser) - Bernie Madoff's son Andrew died this morning of cancer at age 48, his lawyer tells CNBC . "Andrew Madoff has lost his courageous battle against mantle cell lymphoma," the lawyer says, per Reuters . "He died peacefully at Memorial Sloan Kettering Cancer Center on September 3, 2014, surrounded... More  »

 
McDonald's Forced to Turn Golden Arches Turquoise

McDonald's Forced to Turn Golden Arches Turquoise

(Newser) - Nearly every American will recognize this famous symbol— the golden arches of fast food, aka McDonald's. Those golden arches turned to turquoise, however, at one McDonalds in Arizona. Apparently, gold doesn't match the cityscape well enough and clashes with Sedona city regulations that prevent buildings from ruining views... More  »

 
Some of Those Celeb Nude Photos Are Child Porn

Some of Those Celeb Nude Photos Are Child Porn

(Newser) - Some Internet users who started out gleeful about the leak of celebrities' nude photos are now busy trying to scrub their hard drives of child porn. Lawyers for McKayla Maroney, who turned 18 in December, say the Olympic gymnast was under 18 when the photos of her were taken and... More  »

 
Man Murdered During 'Bucket List' Bike Ride

Man Murdered During 'Bucket List' Bike Ride

(Newser) - Kevin Adorno set out from Maryland last month to complete an item from his bucket list: bicycling all the way to Florida. When he reached Miami, he planned to propose to his girlfriend. Instead, he was on the phone with her Monday night outside a Vero Beach McDonald's—less... More  »

 
Half-Brothers Cleared of Murder After 30 Years

Half-Brothers Cleared of Murder After 30 Years

(Newser) - Two mentally disabled half-brothers in North Carolina have spent the last 30 years locked up for a murder they didn't commit, DNA evidence has revealed. Leon Brown and Henry McCollum were 15 and 19 years old, respectively, in 1983 when they were arrested for the rape and murder of... More  »

 
Family: Girl Said Uzi Was 'Too Much' for Her

Family: Girl Said Uzi Was 'Too Much' for Her

(Newser) - The family of a 9-year-old girl who accidentally killed a shooting range instructor in Arizona last week rushed to check she was OK after losing control of the Uzi and didn't notice the instructor had been shot until another employee ran over, according to a sheriff's office report.... More  »

 

Become a fan of Newser on FacebookFollow Newser on TwitterStumble Newser on StumbleUpon

Unsubscribe or change your alert settings.

Newser, LLC
222 N. Columbus Dr.
Unit D
Chicago, IL 60601

Suggestions and feedback are welcome at feedback@newser.com

Get at least lbs-15 smaller monthly

Sale ends tonight! If you cannot read the information below, click here.
 
Fat guys become hot things within a month!
What about wearing clothes that are 2 sizes smaller within just 4 weeks?

Impossible, you say? Well, it used to be a dream just half a year ago, but now our brand new medical product works miracles for fat guys on a daily basis.

Take the formula regularly and return to normal life!
 
 
 
The Gr8Body Press, 63 South Main Street, Newtown, CT 06470

Shop Threads | Customer Service | Privacy Policy | SEND TO A FRIEND

You received this message because you are a Gr8Body customer or have registered at our site. This email was sent to you by Gr8Body Press. Click here to update your email preferences.

We Asked A Bunch Of Executives What The Hottest Ad Tech Company Is, And One Startup's Name Kept Coming Up

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
Business Insider Select
 

HURRY!: Get Your IGNITION Ticket Before Prices Go Up
There's only one week left until the early bird rates expire on Wednesday, Sept. 3 at 11:59 p.m. Register now

September 03, 2014
We Asked A Bunch Of Executives What The Hottest Ad Tech Company Is, And One Startup's Name Kept Coming Up We Asked A Bunch Of Executives What The Hottest Ad Tech Company Is, And One Startup's Name Kept Coming Up

We recently spoke with some of the big players in ad tech and asked them...
Read»
Share this story: Facebook Share Email Share
Leaving St. Louis Was A Blessing In Disguise For Michael Sam
Leaving St. Louis Was A Blessing In Disguise For Michael Sam
After it initially looked like he wouldn't get a spot on any of the 32...  Read»
Share this story: Facebook Share Twitter Share Email Share
Online Video Advertising Is Growing Many Times Faster Than TV, Search, And Most Other Digital Ad Markets
Online Video Advertising Is Growing Many Times Faster Than TV, Search, And Most Other Digital Ad Markets
The online video ad market is growing faster than search, desktop display, and TV advertising.   Read»
Share this story: Facebook Share Twitter Share Email Share
Seized Islamic State Laptop Reveals Research Into Weaponizing The Bubonic Plague
Seized Islamic State Laptop Reveals Research Into Weaponizing The Bubonic Plague
Anyone who deals with sensitive documents — from spies to journalists...  Read»
Share this story: Facebook Share Twitter Share Email Share
The 10 Most Important Things In The World Right Now
1. A video released on Tuesday by ISIS appears to show the murder of...  Read»
A Massive Oil Spill Is Threatening Mexico's Third Largest City's Water Supply
For Mexico's state oil giant, the expansion of organized crime into fuel...  Read»
Samsung Has A New Smartwatch That Can Work Without Pairing To Your Phone
Samsung has never been one to back down from the opportunity to release...  Read»
Advertisement
5 Common Investing Myths That Could Cost You Money
5 Common Investing Myths That Could Cost You Money
Myths about investing are costly. They can lead you to take too much...  Read»
Share this story: Facebook Share Twitter Share Email Share
Toshiba Has A New Chromebook That Looks Sort Of Like A MacBook Air
Toshiba Has A New Chromebook That Looks Sort Of Like A MacBook Air
Toshiba has taken the wraps off its next-generation Chromebook, which...  Read»
Share this story: Facebook Share Twitter Share Email Share
Arizona Is Requiring A Male Statutory Rape Victim To Pay Child Support
Arizona Is Requiring A Male Statutory Rape Victim To Pay Child Support
A 24-year-old man who impregnated a 20-year-old woman when he was 14 is...  Read»
Share this story: Facebook Share Twitter Share Email Share
iPhone 6 Is Already On Sale In China — And It's Available In TWO Sizes
iPhone 6 Is Already On Sale In China — And It's Available In TWO Sizes
You are now able to order the iPhone 6, ahead of its official announcement.   Read»
Share this story: Facebook Share Twitter Share Email Share


See Also
Why Haiti Is One Of The Worst Countries For Child Slavery
Why Haiti Is One Of The Worst Countries For Child Slavery
Thousands of fans packed Haiti's national soccer stadium in...
  Read»  
Conservative MP: Scottish Independence Would Be A 'Humiliation Of Catastrophic Proportions'
Conservative MP: Scottish Independence Would Be A 'Humiliation Of Catastrophic Proportions'
The leaders of Britain's major political parties need to drop everything...
  Read»  
How To Make A Caffeine-Packed Espresso — Or What Baristas Call 'The God Shot'
How To Make A Caffeine-Packed Espresso — Or What Baristas Call 'The God Shot'
VIDEO: "You can't make bad coffee taste good."
  Read»  
Mysterious Fake Cellphone Towers Are Intercepting Calls All Over The US
Mysterious Fake Cellphone Towers Are Intercepting Calls All Over The US
"Who are they, that's listening to calls around military bases?"
  Read»  


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share this:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

Yashi

Chitika