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13 Aug 2013
Wall Street rises after recovering earlier losses; Apple Tweet-jump
FXstreet.com (San Francisco) - The US stocks market posted decent gains on Tuesday as investors digested positively the increase in the US retail sales as well as the rumors on Sept-tapering. Apple jumped as big investors Carl Icahn Tweeted that hint Icahn Enterprises has "a large position in APPLE."
Icahn believes Apple is "extremely undervalued." In another tweet, Icahn said he discussed with Tim Cook "that a larger buyback should be done now." Then Apple gained around 5% to trade close to the 495.00 area. On the day, Apple gained more than $10 billion in market cap value.
The Dow Jones advanced 31.33 points or 0.20% to finish the day at 15,451.01. The S&P 500 added 4.69 points or 0.28% to 1,694.16. And the Nasdaq Composite rose 14.49 points or 0.39% to 3,684.44.
Icahn believes Apple is "extremely undervalued." In another tweet, Icahn said he discussed with Tim Cook "that a larger buyback should be done now." Then Apple gained around 5% to trade close to the 495.00 area. On the day, Apple gained more than $10 billion in market cap value.
The Dow Jones advanced 31.33 points or 0.20% to finish the day at 15,451.01. The S&P 500 added 4.69 points or 0.28% to 1,694.16. And the Nasdaq Composite rose 14.49 points or 0.39% to 3,684.44.