A Green Finish

Stocks posted gains on Monday. Bank of America, Home Depot, McDonald’s and JPMorgan Chase led the way up on the Dow. Brands climbed amid news of budget talks progress in Washington. Meanwhile, Apple stepped up on news of substantial iPhone sales in China. The company said it sold more than two million iPhone 5s in the first three days of its availability in the country. Additionally, Citigroup downgraded its rating on the iPhone innovator to neutral from buy, citing concerns about the strength of iPhone 5. On another note, crude oil tacked on 47 cents today to close at $87.20 a barrel.

 

Disclosures:
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing.

Share