Stocks rally again thanks to Syria and China
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined near 15. Despite initial worries over a September swoon in equities, the Dow has rallied nearly 2.5 percent for the month so far, while the S&P 500 and the Nasdaq have jumped more than 3 percent each. Most key S&P sectors were higher, in what stocks to invest led by financials and industrials. Big day for Apple Tom Forte,Telsey Advisory Group, and Andrew Tonner, The Motley Fool, share their thoughts on Apple’s new iPhones and possible distribution deal in China, ahead of the tech giants big announcement later today. President Barack Obama said on Monday that he was uncertain whether he will win the Congressional vote to authorize military action, and was undecided whether he would order a strike without Congress’s support .
Its majority stock position in cloud software leader VMware Inc. ( VMW ) combined with being the large-scale storage industry king makes the stock a very attractive tech holding. Deutsche Bank has a $32 price target, while the consensus is posted at $31. Investors are paid a 1.5% dividend. International Business Machines Corp.
Stocks rise as Syria conflict looks less likely
The S&P BSE Sensex increased 3.8 percent and the rupee jumped 2.2 percent as trading resumed following a holiday. The Jakarta Composite Index added 4 percent. Dubai Rally Dubais DFM General Index climbed 8.5 percent, the most among 94 equity indexes tracked by Bloomberg worldwide. Benchmark gauges in Abu Dhabi and Qatar jumped 5.5 percent and 4.9 percent respectively. Israel s TA-25 Index advanced 1.6 percent.
Stocks Climb on China as Bonds Fall; Oil Declines
and Syria might be solved peacefully. That sentiment was also a factor behind the stock market’s gain on Monday, too. About 30 minutes after trading began, the Dow Jones industrial average was up 95 points, or 0.6 percent, to 15,158. The Standard & Poor’s 500 index rose nine points, or 0.6 percent, to 1,681 and the Nasdaq composite rose 18 points, or 0.5 percent, to 3,724. The price of crude oil, which closed above $110 a barrel on Friday, lost $2.50, or 2.2 percent, to $107.09 a barrel.
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.