January 15th, 12:57 am by Samir Bouazza
On Monday U.S. investors made a profit as they waited for an attack on corporate earnings reports which may be weak after the fiscal cliff uncertainty in Washington. Weighing the down on the broader market, was Apple Inc. (AAPL) as it slumped on reports that it had cut orders for LCD screens, due to weak demand for its new iPhone 5.
European equities fell today with a U.S. equities sell-off over concerns the Apple iPhone 5 demand which caused some profit-taking on the latest European stock gains. Charts indicated that European indices nearing overbought market conditions and in the short term there might be a bit of pull-back although the market’s medium-term outlook remains positive.
The DJ30 closed at 13,517.06 gaining 28.63 points (0.21%), SPX500 closed at 1,470.68 declining 1.37 points (-0.09%) and the NASDAQ100 closed at 2,735.70, declining 12.56 points (-0.46%).
The CAC40 closed at 3,708.25 gaining 2.23 points (0.06%), FTSE100 closed at 6,107.86 declining 13.72 points (-0.22%) and DAX40 closed at 7,729.52 gaining 13.99 points (0.18%).
Today, Nikkei of Japan reported that Apple Inc. (AAPL), one of the most valuable company in the U.S, increased concerns over earnings after a report showed that parts orders for the iPhone 5 are lower than Apple’s estimates. This indicates that iPhone 5 sales may not meet the forecasts of analysts. Apple shares closed at 501.75 dropping 18.55 points (-3.57%).
Stocks Execution Prices:
Name
| Sell |
Buy
|
Closing Rate
|
Change %
|
Apple (AAPL)
|
501.25
|
502.34
|
501.75
|
-3.57
|
Google (GOOG)
|
724.63
|
726.20
|
723.25
|
-2.26
|
Facebook (FB)
|
31.17
|
31.24
|
30.95
|
-2.43
|
Microsoft (MSFT)
|
26.84
|
26.91
|
26.90
|
0.26
|
Amazon (AMZN)
|
271.90
|
272.52
|
272.73
|
1.79
|
Yahoo (YHOO)
|
19.41
|
19.46
|
19.43
|
0.73
|
Zynga (ZNGA)
|
2.65
|
2.68
|
2.62
|
1.16
|
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