Markets Turn Positive
Just before the last hour of trading, the stock market turned positive for the first time today.
The Dow is trading up about 66 points, or nearly 1 percent.
The S&P 500 is up .8 percent and the Nasdaq is up nearly 2 percent.
The Nasdaq would be higher if not for the Apple headwind. The gadget-maker is still down on the day -- now, about 2.4 percent -- following the company's announcement last night that the health condition of Steve Jobs is "more complex" than he earlier believed. Jobs, a pancreatic-cancer survivor, said recently he is suffering from a hormone imbalance.
The Dow's afternoon turnaround is remarkable, given that it had sunk low enough earlier today to break through the 8,000 floor for the first time since November.
-- Frank Ahrens
The Ticker is Twittering!
By
Frank Ahrens
|
January 15, 2009; 3:22 PM ET
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The Ticker
| Tags: Apple, Dow, Steve Jobs, nasdaq, s&p 500
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