Apple Surges On Analyst Upgrade, Cooper Tire Shares Fall

By Benzinga (Benzinga )Market OverviewOct 08, 2013 12:36AM ET

www.investing.com/analysis/apple-surges-on-analyst-upgrade,-cooper-tire-shares-fall-186914

Apple Surges On Analyst Upgrade, Cooper Tire Shares Fall

By Benzinga (Benzinga ) | Oct 08, 2013 12:36AM ET

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Midway through trading Monday, the Dow traded down 0.47 percent to 15,002.26 while the NASDAQ declined 0.50 percent to 3,788.59. The S&P also fell, dropping 0.40 percent to 1,683.81.

Top Headline
Time Warner Cable (TWC) agreed to acquire DukeNet Communications LLC for $600 million in cash.

The deal is likely to close in the first quarter of 2014.

Equities Trading UP
Outerwall (OUTR) shot up 4.90 percent to $59.90 after Jana Partners LLC disclosed a major stake in the company.

Shares of Donegal Group (DGICB) got a boost, shooting up 13.61 percent to $22.70 after Gregory Shepard offered $33-$37 per share for Donegal Group.

Apple (AAPL) was also up, gaining 1.84 percent to $491.89 after Jefferies upgraded the stock from Hold to Buy and lifted its price target from $425 to $600.

Equities Trading DOWN
Shares of Liquidity Services (LQDT) were down 10.07 percent to $29.47 after Bank of America downgraded the stock from Buy to Underperform.

DryShips (DRYS) shares tumbled 5.29 percent to $3.58. DryShips launched ATM equity offering with Evercore group.

Cooper Tire & Rubber Co (CTB) was down, falling 11.89 percent to $26.00 on court filing.

Commodities
In commodity news, oil traded down 0.49 percent to $103.33, while gold traded up 0.96 percent to $1,322.50.

Silver traded up 2.73 percent Monday to $22.35, while copper fell 0.09 percent to $3.30.

Eurozone
European shares were mostly lower today. The Spanish Ibex Index fell 0.41 percent, while Italy's FTSE MIB Index surged 0.66 percent. Meanwhile, the German DAX fell 0.36 percent and the French CAC 40 rose 0.03 percent while U.K. shares dropped 0.26 percent.

Economics
Data on consumer credit for August will be released at 3:00 p.m. ET.

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Central Banks

Interest Rates

Next Meeting

FED

4.75%

Mar 22, 2023

ECB

3.50%

May 04, 2023

BOE

4.00%

Mar 23, 2023

SNB

1.00%

Mar 23, 2023

RBA

3.60%

Apr 04, 2023

BOC

4.50%

Apr 12, 2023

RBNZ

4.75%

May 24, 2023

BOJ

-0.10%

Apr 28, 2023

CBR

7.50%

Apr 28, 2023

RBI

6.50%

Apr 03, 2023

PBOC

3.65%

BCB

13.75%

Mar 22, 2023

US 30	32,543.4	-17.2	-0.05%
US 500	4,004.1	+1.2	+0.03%
Dow Jones	32,560.60	+316.02	+0.98%
S&P 500	4,002.87	+51.30	+1.30%
Nasdaq	11,860.11	+184.57	+1.58%
S&P 500 VIX	21.38	0.00	0.00%
Dollar Index	102.828	-0.069	-0.07%

Crude Oil WTI	69.03	-0.64	-0.92%
Brent Oil	74.66	-0.66	-0.88%
Natural Gas	2.276	-0.053	-2.28%
Gold	1,943.50	+2.40	+0.12%
Silver	22.520	+0.095	+0.42%
Copper	3.9810	-0.0232	-0.58%
US Soybeans	1,464.00	-2.75	-0.19%

U.S. 10Y	3.587	-0.019	-0.54%
U.S. 30Y	3.727	-0.009	-0.25%
U.S. 5Y	3.7131	-0.0330	-0.88%
U.S. 3M	4.8570	+0.1040	+2.19%
US 10Y T-Note	114.33	+0.20	+0.18%
Euro Bund	136.01	+0.10	+0.07%
10-2 Yield Spread	-48.86	-7.70	18.71%

Apple	159.28	+1.88	+1.19%
Alphabet A	104.92	+3.70	+3.66%
Tesla	197.58	+14.33	+7.82%
Amazon.com	100.61	+2.90	+2.97%
Netflix	305.79	+0.66	+0.22%
Meta Platforms	202.16	+4.35	+2.20%
Bank of America	28.59	+0.84	+3.03%

Apple Surges On Analyst Upgrade, Cooper Tire Shares Fall

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