Wall Street rises on Apple rumors

CNN Money reports that today's Apple rumors helped boost US stock prices this morning at the opening bell. Between the Cingular deal for the iPhone broken last night by the Wall Street Journal and news that Paramount/Viacom may join the iTunes store for catalog sales, it looks like good news for tech stocks all around.

Of course, we here at TUAW do not recommend investing your life savings in any particular stock. As far as monkeys throwing darts at stock listings go, we bet those monkeys would outperform us in a heartbeat.

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Source: http://money.cnn.com/2007/01/09/markets/markets_nyopen/

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CNN Money reports that today's Apple rumors helped boost US stock prices this morning at the opening bell. Between the Cingular deal for...

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Um, no.

Crude oil prices tumbled to below $54/barrel (1.5 yr low) before creeping back above $54.50/barrel after the first hour.

**THAT** is what (briefly) lifted stocks at market open today.

Hah. As if MacWorld and Apple (currently in stock options scandal investigation) could lift the entire market.

Duh.

January 09 2007 at 11:07 AM Report abuse Permalink rate up rate down Reply