While Apple Unveils, Stocks Fizzle

Friends

While Apple was grabbing all the attention by rolling out new iPhones and watches today, stocks were busy selling off across the board. The mood has been sour so far this week as the bulls seem to have run out of reasons to buy.

For the day, the Dow Jones Industrial Average was down 97 points to close at 17,013. The S&P 500 was down 13 points to finish the day at 1988. Gold was up $2 to trade at $1256 per ounce, while oil was up $.03 to trade at $92.69 per barrel WTI.

Of course, for quite some time now we have seen these minor disruptions in the stock market last for only a few days, only to be followed by renewed enthusiasm. Let’s see if the bulls can shake off the rust this week and change the tone of the market. If not, the bears might have a little something to work with. Stay tuned.

Have a nice evening everyone.

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