“Stocks spiked higher Thursday following the Federal Reserve launched a new round of quantitative easing,” JeeYeon Park reports for CNBC.
“Apple [AAPL $677.74, +$7.95 (+1.19%)] edged higher after the tech giant unveiled its iPhone 5 and some new iPods. And analysts seemed to be impressed with the new model—at least nine brokerages boosted their price targets on the company,” Park reports. “On the economic front, jobless claims climbed, hitting the highest in two months, according to the Labor Department. And the producer price index jumped in August, rising by the most in three years, as energy cost soared, according to the Labor Department. Wholesale prices matched estimates.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Joe Architect” for the heads up.]