At least for a day, Amazon (NASDAQ: AMZN ) is king, with Apple (NASDAQ: AAPL )
playing second fiddle. Amazon sent a declaration of tablet war Wednesday with
the reveal of the new Kindle Fire , a tablet at a $300 discount to Apple's
iPad. Also announced on the day was an upgraded e-reader, the Kindle Touch,
which will go for $99 (or $149 for a 3G connectivity-enabled model), and the
original Kindle's price was dropped to $79. The news sent AMZN shares higher
by as much as 4.9% on Wednesday before settling at $229.50, or up about 2.36%
thus lining the pockets of any investor smart enough to day-trade Amazon,
knowing shares would bump on anything short of the Kindle Fire actually igniting
mid-demonstration. The news also continued the slowing of the iPhone- and
iPad-led march to Apple 500 actually, for right now, back to Apple 400 as AAPL
ground out the day with a 0.6% loss to $396.92. The stock has ceded about $25
from its Sept. 17 peak. Elsewhere in the market, steelmakers were hammered hard
as a whole Wednesday on global slowdown fears, with the Arca Steel Index
bleeding almost 5%. Among big losers in the sector were AK Steel (NYSE: AKS ),
dropping 8.4% to $6.65, and U.S. Steel (NYSE: X ), shedding almost 6% to $22.47.
Three Up Jabil Circuit (NYSE: JBL ): Up 8.4% ($1.46) to $18.84. Pandora (NYSE: P
): Up 6.04% ($0.73) to $12.82. United Continental (NYSE: UAL ): Up 1.62% (33
cents) to $20.76. Three Down First Solar (NASDAQ: FSLR ): Down 10.41% ($7.52) to
$64.75. Silver Wheaton Corp. (NYSE: SLW ): Down 6.98% ($2.30) to $30.63. Ralph
Lauren (NYSE: RL ): Down 3.5% ($5.21) to $143.56. Kyle Woodley does not own
shares in any of the aforementioned companies.
Gold, Mining, silver, index, prices, today, oil, crude, dow jones, nasdaq, s&p 500, TSX, barrick gold, toromocho, CUP, goog, msft, aapl, finance, yahoo, bing, google,currency converter, currency, rates, currency tool, currency trading, currency transfers, foreign exchange, conversion, , live currency rates, mid-market, obsolete, precious metals, rate calculations, save money, save time, special units, tips, trade currency, up to the minute, world currency, xe trade, currency symbols
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment