A Mixed Session

Indices closed out mixed on Tuesday. The Dow added some points. The S&P 500 and Nasdaq ended fractionally lower. Caterpillar, Coca-Cola, and McDonald’s led the Dow’s slight ascent. When all was said and done, trading action was fairly flat today. Bunking the general trend, Apple posted substantial gains. Shares of the tech titan climbed beyond $700 in the wake of robust iPhone 5 pre-orders. In ratings moves, Leerink Swann slashed Abbott down to “market perform” from “outperform.” Meanwhile, RBC downgraded Intel to “sector perform” from “outperform.” Elsewhere, crude oil futures dipped by $1.27 to settle at $95.29 a barrel.

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