Wednesday, October 31, 2012

Markets slip lower at end of month

There is not  a lot happening in the markets as Oct comes to a close.  Dow is down 6, advancers barely ahead of decliners & NAZ off 12 because of Apple (AAPL).  The 10  year Treasury bond yield fell 4 basis points to 1.71%.

AAPL had a big management shake up yesterday.  The map mess has to be resolved & the store group needs new leaders.  The stock is down $8 to $695 & is off $110 from its Sep high.  Disney (DIS), a Dow stock, is buying Lucasfilms for $4+B.  The stock sold off 1+ to under $49.  Otherwise markets are adjusting to 2 days off & chaos after the whopper storm in the eastern US.

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