Apple Stock Sees Some Gravity in the Stock Market Today

All major US markets traded in the negative today, one of the worst days of the year so far. The Dow Jones Industrial Average (DJIA) narrowly avoided closing in triple digit losses. Both the Nasdaq and S&P 500 closed down after trading in the positive earlier in the morning. It seems that the continued uncertainty over the Greece austerity measures and pending bailout have weighed on investors today. Although based on the outperformance of the markets year to date a pull back was bound to come.

Stock Market Today Summary

• DJIA closed at 12,780.95 -97.33 (-0.76%)
• Only 5 of the 30 Dow Components narrowly rose (HPQ, IBM, JNJ, PG, TRV)
• S & P 500 ended the day at 1,343.23 -7.27 (-0.54%)
• 9 out of 10 of the Standand and Poors sectors declined.
• The NASDAQ slid 16 points finishing at 2915.83 (0.55%)
• Spot Gold closed down -6.145 to $1,722.13 per ounce.

Stock News Today

Apple Inc (AAPL) The biggest company in the US, after flirting with 530 per share in the morning finally snapped its meteoric rise and closed down -11.79 (-2.31%) at 497.67.

Kellogg Co. (NYSE: K) closed up +2.57 +5.11% to 52.87 on the heels of news that they formalized a deal to purchase the Pringles brand from Proctor and Gamble. Read more detail on the purchase Pringles Purchase.

Comcast Corp. (CMCSA) the leading cable television operator announced that it has authorized a $6.5 billion share buy back. Shares of CMCSA rose 1.27 to $28.52 per share, a 4.66% gain.

Stocks to Watch Tomorrow (Thursday 2/16)

The following stocks are due to announce earning tomorrow:
Duke Energy Corporation (DUK) US Energy Company.
Hyatt (H) International hospitality company.
Molson Coors (TAP) International brewer.
Orbitz (OWW) Online travel portal.
VFC (VFC) The VF Corporation, US based global apparel company.

Stock Market News

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Last updated by Jim Evering at February 15, 2012.