The S&P 500: Apple Is Down Despite iPad Announcements

By Anthony Shields Oct 23, 2012 3:25 pm

Plus, Monster is still suffering from allegations that its beverage has killed five people.

MINYANVILLE ORIGINAL Today the S&P 500 (INDEXSP:.INX) is down a massive 1.34% to 1,414.67 as of 2:30 p.m. today. Starting with today’s major gainers, Whirlpool Corp. (NYSE:WHR), which rose 6.75% to $92.18 per share after news of the company beating its third quarter earnings report. Harley-Davidson Inc. (NYSE:HOG) is also benefiting from a positive profit report today as stock price has increased 7.50% to $46.80 per share so far. However, the motorcycle company has to take a back seat to Coach Inc. (NYSE:COH), which is enjoying a sizeable 8.75% rise to $58.87 per share.

Despite its conference and announcement of two major iPad products, Apple (NASDAQ:AAPL) is on today’s loser list falling 2.31% to $619.40 per share. Down in a much bigger way is Xerox Corp. (NYSE:XRX) which has fallen 4.84% to $6.69 per share due to declining profits. Today’s big loser again is Monster Beverage Corp. (NASDAQ:MNST) which is still suffering from FDA allegations that its energy drinks have caused five deaths in the past year. At this time the company has lost 12.14% today to $40.26 per share, culminating in a 30.05% decline in the past five days.