The event is being held at 1 p.m. ET. But the stock has run up sharply since Apple’s last earnings report. Nike ( NKE , Fortune 500 ), Goldman Sachs ( GS , Fortune 500 ) and Visa ( V , Fortune 500 ) were also in focus, as the three will be the newest members of the Dow , replacing Alcoa ( AA , Fortune 500 ), Hewlett-Packard ( HPQ , Fortune 500 ) and Bank of America ( BAC , Fortune 500 ). Alcoa and HP fell while BofA was flat.
In a statement, The S&P Dow Jones Indices cited “the low stock price of the three companies slated for removal” and an interest in diversification. Goldman Sachs, Nike and Visa will replace them. Despite the move and continued struggles in a weakening PC market, HP shares have performed solidly over the past year. The stock price has doubled in value since hitting a 52-week low of $11.71. Activision surges.
Top Stocks to Buy as Leading Market Analyst Predicts 1,750 for S&P 500 in 2013
Rusal, the worlds biggest aluminum maker, jumped 4.2 percent. Crude Oil Oil futures fell as much as 2.7 percent as France said it will submit a proposal to confiscate Syrias chemical weapons to the United Nations . Interfax reported that Bashar al-Assads government accepted the Russian plan. President Barack Obama told NBC News yesterday that Russias motion is a potentially positive development. Obama will outline his intentions on Syria in a speech at 9 p.m. tonight in Washington. Benchmark gauges in Turkey , Poland and the Czech Republic added more than 2 percent, while stocks in Hungary rebounded from a four-day plunge.
Stocks rise, oil falls as Syria fears ease
crude-oil prices decline China data boost regional bourses SHARE 4 CONNECT 18 TWEET 2 COMMENTEMAILMORE Stocks were higher in early trading on Wall Street Tuesday as concerns about Syria eased and oil prices fell. The price of crude, which closed above $110 a barrel on Friday, lost $2.50, or 2.2%, to $107.09 a barrel in early trading. Syria has accepted Russia’s proposal to place its chemical weapons under international control so they can be dismantled. The West has accused Syrian President Bashar Assad of using the weapons on civilians in the country’s civil war. The Dow Jones industrial average was up 0.6%.
Tech stocks: HP sliding, Activision on the rise
“I’m taking this vote in Congress and what in what stocks to invest the American people are saying very seriously,” Obama told NBC News. Obama is scheduled to address the U.S. public on Syria on Tuesday evening. (CNBC.com will stream this event live.) Meanwhile, Russia has offered a non-military solution to the crisis by asking Damascus to put its chemical weapons under international control. In Asia, fresh data for August showed that Chinese industrial output rose 10.4 percent on the year, topping consensus estimates.
Stocks advance as Dow jumps 100, Nasdaq hits best level since 2000
Marathon’s exposure to the Eagle Ford and Bakken shale plays are now turning into solid investments. The company’s Eagle Ford production for the second quarter shot up a whopping 280% from last year to 80,000 barrels of oil equivalent per day. Deutsche Bank has a $40 price target, and consensus target was not listed. Investors are paid a 2.1% dividend. Schlumberger Ltd. ( SLB ) is a top name for investors looking to capitalize on the emerging service markets around the world.