Dow rose 78, advancers over decliners almost 4-1 & NAZ gained 25. The Financial Index moved up 2½ to the 196s (below its 200 high last month) on optimism about the Greek debt swap going forward. The MLP index rose 3 to 404 & the REIT index was up 1+ to the 244s. Junk bond funds rose with the higher stock markets while Treasuries pulled back. There were also buyers for oil & gold.
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif)
iPad 3
Photo: Bloomberg
Apple showed off the new 4G-equipped iPad starting at $629, hoping the latest version can safeguard its dominance over rivals. CEO Tim Cook introduced the highly anticipated 3rd version of the tablet, which is available for pre-orders & will hit store shelves Mar 16. The high-end model will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution, network. At speeds roughly 10X faster than current 3G technology, that may help banish the sometimes shaky video quality of older devices. AAPL is counting on a warm reception to fend off an increasingly aggressive challenge from tablets powered by Google (GOOG) Android technology, with Microsoft (MSFT) software-driven devices slated to come soon. "Everyone's been wondering who will come out with a product that's more amazing than the iPad 2," Cook said. "Stop wondering: We are." Earlier in the session, Cook again held forth on what he called a "post-PC world," in which users move increasingly away from traditional desktop & laptop computing & toward an array of portable devices, including tablets. The stock hovered around $530 throughout the proceedings & closed there, up pocket change on the day.
JPMorgan Chase Capital XVI (AMJ)
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Treasury yields:
U.S. 3-month | 0.071% | |
U.S. 2-year | 0.300% | |
U.S. 10-year | 1.972% |
| CLJ12.NYM | Crude Oil Apr 12 | 106.24 |  1.54 (1.5%) |
iPad 3
Photo: Bloomberg
Apple showed off the new 4G-equipped iPad starting at $629, hoping the latest version can safeguard its dominance over rivals. CEO Tim Cook introduced the highly anticipated 3rd version of the tablet, which is available for pre-orders & will hit store shelves Mar 16. The high-end model will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution, network. At speeds roughly 10X faster than current 3G technology, that may help banish the sometimes shaky video quality of older devices. AAPL is counting on a warm reception to fend off an increasingly aggressive challenge from tablets powered by Google (GOOG) Android technology, with Microsoft (MSFT) software-driven devices slated to come soon. "Everyone's been wondering who will come out with a product that's more amazing than the iPad 2," Cook said. "Stop wondering: We are." Earlier in the session, Cook again held forth on what he called a "post-PC world," in which users move increasingly away from traditional desktop & laptop computing & toward an array of portable devices, including tablets. The stock hovered around $530 throughout the proceedings & closed there, up pocket change on the day.
Apple Unveils New Version of IPad to Widen Lead in Tablet Market
Apple Inc. (AAPL)
There are claims that already 58% of the Greek bonds are ready to be swapped into new debt. That would put the number close to the 2/3 that should be enough to force others to swap. But there are unhappy debt holders who may try to obstruct the deal. Even if it goes thru,that does not mean that the crisis is over. There will be more deadlines ahead & the European recession will make it harder to comply with the terms. Then there's the jobs report which will be the main motivator for the markets on Fri. Sorry for the shorter post, but computer problems had to be fixed.
Dow Industrials
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