FX & CFD trading involves significant risk
The major market averages trade just near their worst levels of the session as selling has begun to pick up in early afternoon action. Selling continues to have a great impact on the broad-based S&P 500 which is currently trading down 0.7%. The other major averages trail just behind with the Nasdaq off 0.6% and the Dow lower by 0.4%.
Shares of Apple (AAPL 341.11, -2.33) are seeing a sell-the-news reaction to the Apple Worldwide Developers Conference. At the conference CEO Steve Jobs made his first public appearance since March, and highlighted the new OS X Lion operating system for Macs, as well as the iOS 5 operating system for mobile devices, and their new iCloud Internet media service. Shares of the stock have been range bound between $330 and $360 for most of 2011.
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