Market Wrap: Stocks Mixed, Nokia BOMBS, and More Tech Surprises
Markets closed mixed on Wall Street today: Dow +0.09%, S&P -0.11%, Nasdaq -0.19%, Oil +0.23%, Gold -0.02%.
Here’s your Cheat Sheet to today’s top stock stories:
Today Nokia (NYSE:NOK) and Microsoft (NASDAQ:MSFT) unveiled the struggling Finnish phone company’s most powerful smartphone to date at a joint event in New York. The drama is thick because this could be Nokia’s last attempt to take back a share of the smartphone market already dominated by Google (NASDAQ:GOOG), Apple (NASDAQ:AAPL), and Samsung.
AT&T (NYSE:T) has started receiving cases meant for the iPhone 5 in its internal accessory systems that point to the fact that the next-generation Apple (NASDAQ:AAPL) smartphone will be taller than its predecessors. On Tuesday, Apple formally announced that it would hold a big event on September 12, and the invites included sufficient hints reflecting the subject of the conference: a shadowy image of the number 5, presumably for the iPhone 5.
Facebook Inc. (NASDAQ:FB) shares rose 5.7 percent one day after Chief Executive Mark Zuckerberg reported in a regulatory filing that he doesn’t plan to sell any company stock in the next year.
Guidewire Software Inc. (GWRE) shares jumped 10 percent. On Tuesday after the bell it reported its fourth-quarter earnings. The company saw a profit and reported broad-based revenue growth including large gains in its services revenue.
On the down side, AuRico Gold Inc. (AUQ) shares fell 20 percent after it announced production will slow in the next six-to-nine months as the company will focus on underground development at its Ocampo mine. The company also changed its estimates for the Young-Davidson and El Chante mines.