There was a familiar story today behind a fall in stocks: fears that the Fed is about to begin a taper of its bond-buying program. The indexes moved lower as St. Louis Federal Reserve President James Bullard said there could be risk of excessive inflation in the future. Yesterday, Atlanta Fed President Dennis Lockhart lifted markets higher when downplayed the possibility of a tapering to start next month. On the economic front today, the Labor Department reports that producer prices excluding food and energy rose 0.1% in July. In June the reading was up 0.8%
Poll Question: Will Apple Stock Return to $700?
Apple (AAPL) topper the $500 threshold today as word spread of Carl Icahn's new stake in the company. Shares were up nearly $10 today following yesterday's gains of more than $22. That's when Icahn revealed his stake in the company with a tweet that read, "We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More toRead More »from Stocks Head Lower on Fed Fears; Apple Briefly Tops $500 Threshold