Apple Corporate Securities’ Free Fall Dominates The Market - 12.10.2012
Incredibly strong figures coming from the labor market couldn’t manage to support American stocks: according to Wednesday results Dow Blue Chips Index, as same as technological NASDAQ, prolonged series of losses to 4 sessions. One of the fall leaders are Apple corporate securities (-2%) that keep their free fall from historically highs. Apple id one of the most important issuers for American market as its value in the S&P500 is 5%. Therefore it is no surprise that three weeks fall for corporate securities of the technologic giant entails all the market (not only American).
However, the oil market is the favorite of the week: Brent quotes traded near a four-week high just above $ 115 per barrel. Intensity between Turkey and Syria, lowering material production in the North Sea and positive macro statistics coming from the USA are supporting the Oil prices. Unlike Oil, the Gold contracts can close the week with the most significant decline for the past two months due to overall corrective decline.