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Today With Ray 8/24/2015 Is Wall Street about to lay another egg???
The Dow plunged 1,000 points on open but Apple’s stock is green.
Shares of Apple recovered in Monday afternoon trading after slumping badly along with the broader market as investors fretted about a weak economy in China.
The stock, which was at one point the worst performer of the Dow Jones Industrial Average, is now the best performer. It is up around 2%, even as the broader index is down more than 180 points. Two other tech firms – Microsoft and Intel – were the only other stocks trading in positive territory among the 30 shares that make up the DJIA.
Apple has depended on China for growth in recent years, so it made sense the shares would be hit by concerns that a weak economy there could result in fewer gadget sales. But the upward move could be because some investors sensed a buying opportunity. Apple’s shares are trading at around $108 apiece currently, the lowest level since January. The stock has lost around 20% of its value in the past month.
The recovery could also be attributed to a rare move by CEO Tim Cook to reassure investors. Cook sent an e-mail to CNBC’s Jim Cramer, telling the host that Apple’s growth remained “strong” through July and August with growth of iPhone activations accelerating in recent weeks.
U.S. Has 31% of the World’s Mass Shootings
The U.S. is home to 5% of the world’s population, but has had 31% of the public mass shootings worldwide between 1966 and 2012, according to a new study. A lot of that has to do with gun ownership, researchers found
Toronto Cops Probe Suicides Linked to Ashley Madison Hack
Toronto’s police chief said authorities would focus on finding the hackers responsible for leaking more than 30 million email addresses and credit card numbers from Ashley Madison, a Canada-based website that helps married men and women arrange affairs
Presidential Candidate Deez Nuts Speaks
Deez Nuts, the third-party candidate for President running to shake up America’s gridlocked political system, is a 15-year-old high school boy in Iowa named Brady Olson. He is “frustrated with the two-party system,” he told TIME
North and South Korea Pull Back from the Brink
South Korea has agreed to halt propaganda broadcasts at noon Tuesday after North Korea expressed regret over a recent land mine blast that maimed two South Korean troops, the countries announced after three days of intense talks aimed at pulling the rivals back from the brink of war
La. State Trooper Dies After Being Shot by Motorist
A Louisiana trooper died after he was shot by an apparently stranded motorist who stood over the officer and told him afterward, “You’re lucky — you’re going to die soon,” state police said. Senior Trooper Steven Vincent, 43, died at a hospital in Lake Charles
Europeans Fear for Security of Their Rail System
The details emerging about what happened on the Amsterdam-Paris train deepened Europe’s sense of vulnerability. And while E.U. governments vow to tighten security, the quick responses of citizens will likely be essential in averting future attacks
Judge Defends the Outcome of Colorado Theater Shooting Trial
The judge who oversaw Colorado theater shooter James Holmes’ trial gave an impassioned defense of the jury and the trial after the mother of one of the wounded said Holmes’ life sentence showed more concern for Holmes than for the victims
Colleges Find New Ways to Tackle Sexual Assault
Students across the country will see many changes on campus this fall in response to new state and federal regulations that have recently gone into effect, governing how schools respond to sexual assault and educate students about the issue
Colbert Announces the Rest of His Opening Week Lineup
In Stephen Colbert’s first week hosting The Late Show, beginning Sept. 8, the guests will include Amy Schumer, Elon Musk, Scarlett Johansson and Stephen King, in addition to previously announced guests Jeb Bush and George Clooney
Ground Beef Contains Dangerous Bacteria, Study Finds
Store-bought ground beef often contains a variety of bacteria that can make humans sick and is resistant to the drugs used to treat it, according to new data from Consumer Reports. While most bacteria in meat can be killed when cooked, many Americans prefer rare meat
One Direction to Go Four Separate Directions
The group, which is now made up of Liam Payne, Harry Styles, Louis Tomlinson and Niall Horan, has mutually agreed to take at least a year long break from the band to pursue their own projects
Today With Ray 8/24/2015 Is Wall Street about to lay another egg???
Today With Ray 8/24/2015 Is Wall Street about to lay another egg???