Markets End Higher
The U.S. equity market recovered after initial stumble, with all three major indexes finishing the day higher. The Dow Jones ended the day 0.43% higher at 10,858.14, the S&P 500, ended the day 0.49% higher at 1,147.70 and the Nasdaq ended the day 0.41% higher at 2,379.59.
Apple Inc. (NASDAQ: AAPL) ended the day 1.48% lower at $286.86, after falling almost 5% earlier in the day on rumors that Tim Cook may leave the company to join Hewlett-Packard Company (NYSE: HPQ).
Walgreen Company (NYSE: WAG) closed 11.43% higher at $33.82. The company today reported its fourth-quarter financial results.
The Census Bureau today said that Michigan and Florida led 34 U.S. states whose median household income declined in 2009. According to the 2009 American Community Survey conducted by the Census Bureau, income in Michigan dropped 6.2%, while in Florida it declined 5.7%.
Earlier today, the Conference Board’s monthly survey showed a drop in consumer confidence for the month of September. According to the Conference Board, the Consumer Confidence Index dropped to 48.5 in the month of September, down from 53.2 in August and below expectations.
Crude oil declined in trading today on the back of a decline in U.S. gasoline demand for the fifth time in six weeks. Crude oil for November delivery declined 0.5% to $76.17 a barrel, while Brent crude for November delivery declined 0.2% to $78.75 a barrel.
Gold continued to rally in today’s trading, touching a new record for the eighth time in two weeks. Gold for December delivery gained 0.7% to $1,308.30 an ounce.
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