“Wall Street stocks jumped almost 2 percent on Wednesday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve’s impending decision about when to raise interest rates,” Noel Randewich reports for Reuters. “”
“U.S. investors have weathered over two weeks of unusually wide-swinging trade that has left the S&P 500 with its worst monthly drop in three years and a loss of 8.5 percent from an all-time high in May,” Randewich reports. “‘What we’re seeing today is not a recovery. It’s market volatility, it’s nervousness, it’s an inability to call the direction of the market,’ said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. ‘Through now and October we’re going to see a lot more of this, a lot of volatility.'”
Randewich reports, “On Wednesday, all of the 10 major S&P sectors were higher, led by the technology index’s 2.6 percent rise, helped by Apple, up 4.29 percent…”
Read more in the full article here.
MacDailyNews Take: Yippee ki-yay, ————!
They Really need to Rewrite/recode itunes, it’s really slow and needs a desperate upgrade. as Soundjam wasn’t designed for a massive undertaking as it is now. It was a mp3 player.
Agreed. I don’t go to iTunes very often but was there the other day. The UI reminds me of something Microsoft would do.
Drill says it will be ok.
Wow… a media analyst has pointed out a larger than usual percentage GAIN in AAPL. This is a sign that the upward cycle of the AAPL manipulation game has started. Expect more positive financial news coverage of AAPL through the rest of 2015.
“What we’re seeing today is not a recovery. It’s market volatility, it’s nervousness”
Yea, I thought analyst would find a way to say this is negative.
We’re clearly experiencing volatility, but it’s only his opinion that it’s due to nervousness. Apple has always been a volatile stock. When trading conditions are unfavourable, AAPL sinks faster than most, but when things are going well, it rises very rapidly.
My opinion is that the volatility in the markets will remain for now and we’ll see further significant swings over the next couple of weeks. Whatever happens in the short term, I have every confidence that Apple will rise faster than most others and continue to be a safe long term investment.