“Major stock indexes edged higher Friday, putting the market on track for a fifth day of gains. The increases were limited by more indecision in Europe over how to resolve that region’s debt troubles,” Daniel Wagner and David K. Randall report for The Associated Press. “European finance ministers rejected calls by Treasury Secretary Timothy Geithner to provide a decisive solution that would help Greece avoid a default on its debt. Traders fear that a default would rattle European banks that hold Greek debt and roil financial markets.”
“Blackberry maker Research in Motion Ltd. lost nearly one-fifth of its value after reporting sharply lower revenue and income. The company faces stiff competition from Apple Inc.’s iPhone and phones that use Google Inc.’s Android software,” Wagner and Randall report. “At 2:14 p.m. Eastern time, the Dow Jones industrial average was up 61 points, or 0.5 percent, to 11,494. The Standard & Poor’s 500 index rose 4, or 0.4 percent, to 1,213. The Nasdaq composite index rose 7, or 0.3 percent, to 2,614.”
MacDailyNews Note: Shares of Apple Inc. (AAPL) are currently up $6.28, or 1.60%, to $399.24 after earlier taxing as high as $399.93.
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