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Midday Nasdaq Rises on Apple, Falls on Gordmans


Also, it's not a good day for skate shoes.

MINYANVILLE ORIGINAL The Nasdaq Composite Index (^IXIC) rose 0.46% today to 3,062.67 at 2:45 p.m. EDT after Federal Reserve Chairman Ben Bernanke's speech at Jackson Hole, Wyoming, although gains have begun to level off ahead of the long weekend.

It was an especially poor day for Facebook (FB) as Mark Zuckerberg's company fell 4.86% to a new low of $18.16 per share after BMO Capital Market reaffirmed its Underperform rating.

Gordmans Stores (GMAN) fell on high volume by 15.77% to $17.41 after posting its second quarter earnings yesterday; Zumiez (ZUMZ) also fell after reporting revenues that trailed its competitors, dropping 9.78% to $29.07 per share on 3,273,144 shares traded.

Finally, a little company called Apple (AAPL) rose 0.10% to $664.47 as analysts gradually grow bullish on the back of speculation about forthcoming television-related products. Keep an eye on those crazy kids from Cupertino.

You may be interested in reading SEC Says Retail Investors Are Clueless About Stocks.
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