![Investors React To Apple’s Unveiling Newest Version Of The iPhone – Acadiana Business Index](http://townsquare.media/site/36/files/2012/06/Ken-Meyers-e1354841870716.jpg?w=980&q=75)
Investors React To Apple’s Unveiling Newest Version Of The iPhone – Acadiana Business Index
Stocks finished little changed on Wednesday. Ken Meyers has your stock market report on the Acadiana Business Index.
- The Dow rose 10 points to 13,333. The S&P 500 closed up 3 points at 1436. The NASDAQ finished with a 9 point gain at 3114.
- The major averages pared earlier gains to end the session modestly higher ahead of Thursday’s FOMC meeting announcement on monetary policy.
- Stocks opened higher amid optimism over Europe after a German court dismissed motions to stop the government from ratifying the region’s bailout fund.
- Telecom was the best performing sector with Verizon gaining 65 cents to $44.89.
- Financials also outperformed with JP Morgan advancing 32 cents to $39.92.
- In technology, Apple gained $10.27 to $670.75 after unveiling its newest version of the iPhone. Shares of Facebook were up $1.48 to $20.91 after CEO Mark Zuckerberg said he is addressing the company’s missteps.
- Utilities were the laggard on Wednesday’s session. Shares of Exelon fell 62 cents to $34.87 after an analyst downgraded the stock.
- Breadth was positive on the NYSE by a 17-9 margin on issues and 16-9 on volume. NYSE Composite volume totaled more than 3.5 billion shares. Advancers beat decliners on the NASDAQ by 13-9 on issues and 5-3 on volume.
- The 10-year note declined by 1/2 a point to yield 1.76%.
For the complete report, click Ken's Market Report.
More From News Talk 96.5 KPEL
![App Alerts Louisiana Drivers of Recalls on Vehicles, Child Safety Seats](http://townsquare.media/site/36/files/2024/03/attachment-Marcus-Chenier-1.jpg?w=980&q=75)
![Louisiana Libraries Double E-Book, Audio Book Inventory](http://townsquare.media/site/36/files/2024/02/attachment-Untitled-design-72.jpg?w=980&q=75)
![Louisiana iPhone Users: Should You Worry About Controversial New NameDrop Feature?](http://townsquare.media/site/36/files/2023/11/attachment-Untitled-design-20.jpg?w=980&q=75)
![First-Generation iPhone Sells for a Whopping $63,000 at Auction](http://townsquare.media/site/33/files/2023/02/attachment-iPhone-Auction.jpg?w=980&q=75)
![Breaux Bridge Man Drowns After Car Plunges into Pond](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-16-copy.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)
![Louisiana Man Indicted On 7 Counts in Murder, Kidnapping Case](http://townsquare.media/site/36/files/2024/07/attachment-Screenshot-2024-07-12-at-4.10.22-PM.jpg?w=980&q=75)
![Acadiana Single Mom Gifted Car By Lafayette Non Profit](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-161.jpg?w=980&q=75)
![Two Arrested for Church Point, Louisiana ATM Theft](http://townsquare.media/site/34/files/2022/04/attachment-jake-allen-7Q1lhdgbyNU-unsplash.jpg?w=980&q=75)