US open: Bounce in shares of Apple helps stocks

RELATED QUOTES

SymbolPriceChange
NBXB.DE0.00
APA87.89+0.31
GRMN55.51-0.60
FOSL108.74+0.46
4747.TWO81.40+0.30

LONDON (ShareCast) - -Stocks higher as Apple (NasdaqGS: AAPL - news) bounces back
-Initial unemployment claims drop

Dow Jones Industrials: 0.09%
Nasdaq Comp.: 0.66%
S&P 500 (SNP: ^GSPC - news) : 0.22%

The major US equity averages were trading slightly higher in early trading thanks to a bounce in shares of Apple.

Of interest, in an interview with Bloomberg Apple's Chief Executive Tim Cook said his company will begin to invest in US manufacturing of Macs next year.

Lockheed Martin (Dusseldorf: 351011.DU - news) is reportedly close to winning Pentagon backing to build all 29 F-35 fighters planned for the coming fiscal year after three years of cutbacks in orders for the nation's costliest weapon, US officials told Bloomberg. The US Defence Department is apparently interested in providing some stability to the companies charged with building it.

Sirius XM announced 2bn share repurchase programme.

Ex-Federal Reserve President Alan Greenspan has been cited as saying that economic growth of 2% will be the "normal" situation for now.



Initial unemployment claims below forecasts

Corporate lay-off announcements reached a 57,100 person pace in November (Xetra: A0Z24E - news) , after 47,700 in the previous month.

Initial weekly US unemployment claims fell by 25,000 to 370,000 (Consensus: 380,000).

Crude down again Front month West Texas crude futures are now off by 2.12% to the 86.03 dollar level on the NYMEX.

Yields on 10 year US Treasuries are now falling by 2 basis points to 1.57%.



S&P 500 - Risers
Akamai Technologies Inc. (AKAM) $38.81 +9.33%
Netflix Inc (NasdaqGS: NFLX - news) . (NFLX) $87.45 +4.89%
Starbucks Corp (NasdaqGS: SBUX - news) . (SBUX) $53.15 +4.65%
Safeway Inc (Dusseldorf: 968165.DU - news) . (SWY) $18.19 +4.18%
Seagate Technology Plc (STX (KSE: 011810.KS - news) ) $28.70 +3.99%
J.C. Penney Co. Inc. (JCP (Taiwan OTC: 4747.TWO - news) ) $18.12 +3.37%
VeriSign Inc. (VRSN) $36.53 +2.97%
Western Digital Corp. (WDC) $37.09 +2.94%
Juniper Networks Inc. (JNPR) $18.89 +2.83%
GameStop Corp (NYSE: GME - news) . (GME) $26.69 +2.77%

S&P 500 - Fallers
Costco Wholesale Corp. (COST) $98.51 -7.02%
Freeport-McMoRan Copper & Gold Inc. (FCX) $30.96 -3.73%
SAIC Inc. (SAI (SNP: ^SAIY - news) ) $11.28 -3.34%
Sears Holdings Corp (NasdaqGS: SHLD - news) . (SHLD) $39.84 -3.34%
Expeditors International Of Washington Inc. (EXPD) $36.72 -2.43%
Masco Corp (Dusseldorf: 950004.DU - news) . (MAS) $15.85 -2.22%
Scripps Network Interactive Inc. (SNI) $56.49 -2.10%
Apache Corp (NYSE: APA - news) . (APA) $76.17 -2.01%
Leggett & Platt Inc. (LEG) $26.65 -1.91%
CH Robinson Worldwide Inc (NasdaqGS: CHRW - news) (CHRW) $60.74 -1.89%

Dow Jones I.A - Risers
Intel Corp (NasdaqGS: INTC - news) . (INTC) $20.19 +1.74%
Cisco Systems Inc (Hanover: 918546.HA - news) . (CSCO) $19.41 +1.04%
McDonald's Corp. (MCD) $87.68 +0.82%
Chevron Corp (NYSE: CVX - news) . (CVX) $106.01 +0.80%
Procter & Gamble Co. (PG) $69.89 +0.69%
International Business Machines Corp. (IBM (NYSE: IBM - news) ) $189.91 +0.67%
JP Morgan Chase & Co. (JPM) $41.45 +0.61%
Microsoft Corp (NasdaqGS: MSFT - news) . (MSFT) $26.82 +0.54%
Verizon Communications Inc. (VZ) $44.30 +0.45%
E.I. du Pont de Nemours and Co. (DD) $42.78 +0.36%

Dow Jones I.A - Fallers
Travelers Company Inc. (TRV) $73.11 -1.20%
Walt Disney Co. (DIS (SNP: ^DISY - news) ) $49.07 -1.05%
Caterpillar Inc (NYSE: CAT - news) . (CAT) $85.38 -0.78%
Boeing Co (NYSE: BA - news) . (BA) $73.37 -0.68%
Bank of America Corp (NYSE: IKJ - news) . (BAC) $10.39 -0.67%
American Express Co. (AXP) $56.10 -0.52%
AT&T Inc. (T) $33.76 -0.44%
Alcoa Inc (NYSE: AA - news) . (AA) $8.54 -0.35%
Exxon Mobil Corp (NYSE: XOM - news) . (XOM) $87.45 -0.32%
Wal-Mart Stores Inc. (WMT) $71.43 -0.31%

Nasdaq 100 (Nasdaq: ^NDX - news) - Risers
Akamai Technologies Inc. (AKAM) $38.81 +9.33%
Netflix Inc. (NFLX) $87.45 +4.89%
Starbucks Corp. (SBUX) $53.15 +4.65%
Garmin Ltd (NasdaqGS: GRMN - news) . (GRMN) $41.50 +4.51%
Seagate Technology Plc (STX) $28.70 +3.99%
VeriSign Inc. (VRSN) $36.53 +2.97%
Sandisk Corp (NasdaqGS: SNDK - news) . (SNDK) $40.87 +2.70%
Fossil Inc (NasdaqGS: FOSL - news) . (FOSL) $88.78 +2.38%
Apple Inc. (AAPL) $550.19 +2.12%
Broadcom Corp. (BRCM) $32.95 +1.89%

Nasdaq 100 - Fallers
Costco Wholesale Corp. (COST) $98.51 -7.02%
Green Mountain Coffee Roasters Inc. (GMCR) $38.75 -5.88%
Sears Holdings Corp. (SHLD) $39.84 -3.34%
Expeditors International Of Washington Inc. (EXPD) $36.72 -2.43%
CH Robinson Worldwide Inc (CHRW) $60.74 -1.89%
Research in Motion Ltd. (RIMM) $11.74 -1.68%
PACCAR Inc (NasdaqGS: PCAR - news) . (PCAR) $43.47 -1.30%
Infosys Technologies Ltd. (INFY) $43.00 -1.12%
Perrigo Company (PRGO) $103.75 -1.01%
Apollo Group Inc. (APOL) $20.24 -0.88%

AB