Watch the 1400 level on the S&P 500
(INDEXSP:.INX). Some technical analysts say that’s a key line we don’t want to fall below.
It was just about a month ago that Apple
(NASDAQ:AAPL) stock soared above $700/share… and some analysts predicted it would to go to 1,000. Well, it may drop back into the 500s today after a disappointing earnings report late yesterday. Apple did sell nearly 27-million iPhones in the quarter, including the initial rush for the new five. And overall growth was strong, but Apple lowered its guidance for the current quarter.
For more, click on the image below to play the Daily Finance Market Minute video.
No positions in stocks mentioned.