(As of 7:03 am PST)
It’s another quiet day on the markets with no
economic data to report today. Investors
continue to strategize over the Fed’s ‘taper’ plans, paying close attention to
several Fed officials speeches today and looking for clues for an upcoming
October taper. In company news, shares
of Apple are higher by 5% as the iPhone maker reported record sales of the new
iPhone 5S and 5C over the weekend. Chief
executive Tim Cook called the opening weekend the best iPhone launch yet, as
nearly 9 million of the new iPhones were sold.
Cook also reported that over 200 million iPhone users had downloaded the
new iOS7 software. Guidance on earnings
for the 4th quarter for Apple was lifted to the higher end of its
previous range. It’s a quiet day for
international markets as well. European
stocks are lower with investors digesting mixed PMI data and Asian markets were
mixed as well. Gold continues to slide,
down $11 per oz. on taper worries and oil is also lower. Expect markets to muddle along the rest of
the day.
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