Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Apple boosts S&P 500 to record- again

Monday, May 06, 2013 - 01:49

May 6 - Summary of business headlines: Financials, Apple drive stocks to new records; Tyson blames chicken for beef drop; BMC's private equity deal; MBIA's $1.6 billion settlement. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

A split decision on Wall Street. Just a day after reaching record highs, the S&P 500 does it again- lifted by financials-, but the Dow loses steam- closing Monday in the red. The Nasdaq posting the biggest gain of the three major indexes, driven by strength in Apple stock. So far this year the S&P 500 is up more than 13 percent- thanks to strong corporate earnings and low interest rates. Michael Shaoul, Chairman of Marketfield Asset Management says timid investors are missing out. SOUNDBITE: MICHAEL SHAOUL, CHAIRMAN, MARKETFIELD ASSET MANAGEMENT (ENGLISH) SAYING: "I think you really want to be invested. I mean I think people- everyone's been sitting around looking for pullbacks. All of sudden you look at the S&P up 15% and nobody keeping up with it." Where's the beef? Tyson Foods blamed customers choosing chicken over beef for a steep drop in its second quarter earnings. The stock dropped sharply on the news. Shares of BMC software dipped. The business software maker is being acquired by a private equity group led by Bain Capital and Golden Gate Capital for a very small premium. Shares of MBIA rose 50 percent- to their highest level since September of 2008. The bond insurer and Bank of America reached a more than $1.6 billion settlement on a legal dispute related to mortgage securities claims. Bank of America and Wells Fargo are being accused of violating the National Mortgage Settlement brokered last year. New York's Attorney General says he plans to sue the banks because they have been too slow in processing mortgage modification applications. Iron Man 3 was the superhero of the box office- the film from Disney's Marvel Studios had the second best opening weekend in box office history- bringing in more than $175 million dollars. Only Avengers has done better. In Europe: a holiday in the UK kept volumes light- The German Dax and the Paris CAC-40 closed slightly lower.

Apple boosts S&P 500 to record- again

Monday, May 06, 2013 - 01:49

Most Popular »

Money »

S&P 500 to new record on improving economy S&P 500 to new record on improving economy

Fri, Aug 29, 2014 - (2:31)

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)