KB Home and Oracle Earnings, GM’s Tentative Labor Deal, Apple’s iOS 6 Record: Market Recap
Markets were mixed today on Wall Street: S&P 500 -0.01%, Nasdaq +0.13%, Dow -0.13%, Oil +0.78%, Gold +0.32%.
On the commodities front, Oil (NYSE:USO) moved up to $93.14 a barrel. Precious metals were mixed, with Gold (NYSE:GLD) climbing to $1,776.00 per ounce, and Silver (NYSE:SLV) dropped 0.24 percent to $34.6 per ounce.
Here’s your Cheat Sheet to today’s top stock stories:
KB Home (NYSE:KBH) climbed to a profit in the third quarter and beat Wall Street’s expectations in the process. KB Home constructs and sells homes through its operating divisions across the United States under the name KB Home. It operates a home-building and financial services business serving homebuyers in markets nationwide. Read our full KB Home Earnings Cheat Sheet.
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Falling revenue did not prevent S&P 500 (NYSEARCA:SPY) component Oracle Corporation (NASDAQ:ORCL) from reporting a profit boost in the first quarter. Oracle develops, manufactures, markets, distributes, and services software designed to help its customers manage and grow their businesses. Read our full Oracle Earnings Cheat Sheet.
General Motors (NYSE:GM) reached a tentative, four-year agreement with the Canadian Auto Workers on September 20, securing 1,750 jobs and $692 million for Canadian plants. This is the second in a series of automaker negotiations with the CAW union that also involves Ford (NYSE:F) and Chrysler.
It seems negative reviews of Apple’s (NASDAQ:AAPL) new mapping application didn’t discourage iDevice users from upgrading to iOS 6, which launched on Wednesday. Within 24 hours of its release, about 15 percent of iOS data traffic was coming from devices running on iOS 6. Compare that to Google’s (NASDAQ:GOOG) Android 4.0, which took toughly 8 months to reach a similar ratio, or iOS 5, which took about 5 days to hit 20 percent.
Research In Motion (NASDAQ:RIMM) is “currently experiencing a BlackBerry service issue impacting some users in Europe, Middle East & Africa,” according to their Facebook page. The company is scrambling to get its email services back online while Apple sells out of the iPhone 5 on the device’s first day in stores. It’s unclear whether or not this outage has anything to do with the BlackBerry Mobile Fusion update released today.
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