US open: Apple weighs on Wall Street

RELATED QUOTES

SymbolPriceChange
S8.56+0.19
HPQ32.00-0.50
BIG38.70-0.22
MXIM32.16+0.380
MCHP47.34+0.89

LONDON (ShareCast) - - Apple (NasdaqGS: AAPL - news) down 3 per cent on reports of lower component orders
- Gartner (NYSE: IT - news) says global PC shipments fell 4.9 per cent in Q4
- Obama to speak at 16:30

Dow Jones Industrials: 0.02%
Nasdaq Comp.: -0.40%
S&P 500: -0.21%

The major US equity benchmarks are now trading mixed following a lower open and on a day bereft of economic data or first tier company earnings announcements.

Filling the vacuum is Apple. Its shares dropped by almost 5% after the Nikkei newswire reported that the company is reducing its production plans following lower than expected sales of its iPhones.

For its part The Wall Street Journal cited two unnamed sources according to which the company has lowered its first quarter orders for iPhone screens by almost half.



Some market commentary is also calling attention to the potential impact which new open source operating systems could end up having on incumbents such as Apple.

Billionaire investor Charles Icahn has acquired a stake in offshore rig contractor Transocean (NYSE: RIG - news) .

Hewlett Packard (NYSE: HPQ - news) is higher after JP Morgan (Other OTC: JPAAZ - news) upgraded its views on the company's shares to neutral from underperform.

IBM (NYSE: IBM - news) has been downgraded by JP Morgan to neutral from overweight.

Ten-year US Treasury yields are now falling by 2 basis points, to the 1.84% mark.

Front month West Texas crude futures are now down by 0.12% to the 93.75 dollar mark on the NYMEX.

S&P 500 - Risers
Sears Holdings Corp. (SHLD) $44.16 +7.84%
Coach Inc (NYSE: COH - news) . (COH) $61.29 +4.08%
Hewlett-Packard Co. (HPQ) $16.69 +3.27%
Noble Corp (NYSE: NE - news) (NE) $37.24 +2.25%
Big Lots Inc (NYSE: BIG - news) . (BIG) $28.80 +2.24%
Netflix Inc (NasdaqGS: NFLX - news) . (NFLX) $103.53 +2.21%
Limited Brands Inc (NYSE: LTD - news) . (LTD) $45.31 +2.10%
VF Corp. (VFC) $151.98 +2.00%
St Jude Medical Inc. (STJ) $38.95 +1.72%
Janus Capital Group Inc. (JNS) $9.74 +1.72%

S&P 500 - Fallers
H&R Block Inc (NYSE: HRB - news) . (HRB) $19.21 -3.85%
Sprint Nextel Corporation (NYSE: S - news) (S) $5.72 -3.46%
Alpha Natural Res (ANR) $9.22 -3.46%
First Solar Inc (Xetra: A0LEKM - news) . (FSLR) $30.98 -3.22%
J.C. Penney Co. Inc. (JCP (Taiwan OTC: 4747.TWO - news) ) $17.77 -2.68%
Apple Inc. (AAPL) $506.71 -2.61%
Hasbro Inc (NasdaqGS: HAS - news) (HAS) $35.96 -2.52%
Halliburton Co. (HAL) $35.73 -2.43%
Pitney Bowes Inc (NYSE: PBI - news) . (PBI) $11.63 -2.36%
Lincoln National Corp. (LNC) $27.20 -2.30%

Dow Jones I.A - Risers
Hewlett-Packard Co. (HPQ) $16.69 +3.27%
Cisco Systems Inc (NasdaqGS: CSCO - news) . (CSCO) $20.77 +1.42%
Pfizer Inc (NYSE: PFE - news) . (PFE) $26.84 +1.21%
Boeing Co (NYSE: BA - news) . (BA) $76.04 +1.16%
Procter & Gamble Co (NYSE: PG - news) . (PG) $69.91 +1.00%
E.I. du Pont de Nemours and Co. (DD) $46.46 +0.67%
United Technologies Corp (NYSE: UTX - news) . (UTX) $85.60 +0.49%
Johnson & Johnson (NYSE: JNJ - news) (JNJ) $72.69 +0.47%
3M Co. (MMM) $96.70 +0.44%
Unitedhealth Group Inc. (UNH) $53.05 +0.44%

Dow Jones I.A - Fallers
Bank of America Corp. (BAC) $11.46 -1.46%
International Business Machines Corp. (IBM) $192.17 -1.17%
Intel Corp. (INTC) $21.78 -1.00%
Verizon Communications Inc. (VZ) $42.94 -0.83%
Caterpillar Inc (NYSE: CAT - news) . (CAT (Taiwan OTC: 4990.TWO - news) ) $94.43 -0.79%
JP Morgan Chase (Other OTC: JFTTL - news) & Co. (JPM) $45.90 -0.52%
American Express Co. (AXP) $60.99 -0.41%
Wal-Mart Stores Inc. (WMT) $68.35 -0.41%
AT&T Inc. (T) $34.15 -0.35%
Alcoa Inc (NYSE: AA - news) . (AA) $8.92 -0.22%

Nasdaq 100 - Risers
Sears Holdings Corp. (SHLD) $44.16 +7.84%
Amazon.Com Inc. (AMZN) $272.20 +1.59%
Priceline.Com Inc. (PCLN) $665.31 +1.50%
Cisco Systems Inc. (CSCO) $20.77 +1.42%
Intuitive Surgical Inc (NasdaqGS: ISRG - news) . (ISRG) $511.15 +1.02%
Verisk Analytics Inc (NasdaqGS: VRSK - news) . (VRSK) $54.42 +0.96%
Micron Technology Inc (NasdaqGS: MU - news) . (MU) $7.61 +0.93%
DIRECTV (NasdaqGS: DTV - news) (DTV) $52.87 +0.90%
O'Reilly Automotive Inc. (ORLY) $88.74 +0.83%
Starbucks Corp. (SBUX) $55.42 +0.75%

Nasdaq 100 - Fallers
Apple Inc. (AAPL) $506.71 -2.61%
Altera Corp (NasdaqGS: ALTR - news) . (ALTR) $34.50 -2.18%
Maxim Integrated Products Inc (NasdaqGS: MXIM - news) . (MXIM) $29.05 -1.89%
Citrix Systems Inc (NasdaqGS: CTXS - news) . (CTXS) $70.13 -1.87%
Broadcom Corp (NasdaqGS: BRCM - news) . (BRCM) $34.17 -1.87%
Microchip Technology Inc (NasdaqGS: MCHP - news) . (MCHP) $33.06 -1.58%
Facebook Inc (NasdaqGS: FB - news) . (FB) $31.23 -1.55%
NetApp Inc (NasdaqGS: NTAP - news) . (NTAP) $32.58 -1.44%
Alexion Pharmaceuticals Inc (NasdaqGS: ALXN - news) . (ALXN) $98.98 -1.40%
Liberty Global Inc (NasdaqGS: LBTYA - news) . Series A (LBTYA) $66.58 -1.36%

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