Markets BOUNCE, Facebook DROPS 3.8%, Netflix ROCKS Partners
Markets closed up on Wall Street today: Dow +0.22%, S&P +0.57%, Nasdaq +0.66%, Oil +0.35%, Gold +0.38%.
Here’s your Cheat Sheet to today’s top stock stories:
Apple (NASDAQ:AAPL) is planning to update at least four of its five Mac lines on June 11 as it kicks off its Worldwide Developers Conference with a keynote led by CEO Tim Cook, according to a 9to5Mac report. If sources are correct, WWDC 2012 could be the biggest simultaneous launch of new Macs in Apple’s history.
Facebook (NASDAQ:FB) underwent another down day on Tuesday with a 3.83 percent decline to $25.87. Not helping matters was a new Reuters/Ipsos poll that disclosed a declining interest in the social networking site and only a minority of users letting ads and comments affect their purchasing decisions.
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JPMorgan (NYSE:JPM) CEO Jamie Dimon has been invited to Washington to tell lawmakers about his firm’s recent losses. Senate Banking Committee Chairman Tim Johnson said Dimon’s presence has been requested for June 7, when he will be asked to testify about his bank’s $2 billion-plus trading loss. Johnson wants an explanation as to how Dimon’s company lost billions in a matter of only weeks. He hopes they will be able to “get to the bottom of the massive trading loss” by speaking with Dimon.
Amyris Inc. (NASDAQ:AMRS) jumped 39 percent to $3.23 on Tuesday after it said its renewable jet fuel will be used in a flight demonstration during the upcoming Rio+20 United Nations Conference on Sustainable Development. According to MarketWatch, Amyris’s jet fuel is plant-baesd and made with Brazilian sugar cane. The flight will occur on June 19 and will include an Azul E195 aircraft utilizing General Electric (NYSE:GE) CF34-10E engines.
Akamai Technologies Inc. (NASDAQ:AKAM) saw it shares drop 6.5 percent on news that Netflix Inc. (NASDAQ:NFLX) will launch a content delivery network; this comes in an effort to cut its dependence on third-party vendors. Limelight Networks Inc. (NASDAQ:LLNW) shares dropped 12 percent from the news as well.
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