Stocks slipped back into the red after three days of rally as investors refocused their attention on rising oil prices amid increasing political turmoil across the Arab world and problems in Japan. Tech sector recorded few notable gains and failed to capitalize on the previous day’s advance. Among leading stocks, RIMM announced its new BlackBerry PlayBook tablet device would go on sale at U.S. stores on April 19. Apple rose almost 0.6% on news that the iPad 2 will go on sale in 25 more countries on March 25. The S&P 500 faltered in the face of resistance near the 1300 zone during the early going. That left it to muddle along with a modest loss for the rest of the session as buyers sat on their gains from the prior session.
Wednesday, March 23, 2011
Failed to capitalize on the previous day’s advance
Stocks slipped back into the red after three days of rally as investors refocused their attention on rising oil prices amid increasing political turmoil across the Arab world and problems in Japan. Tech sector recorded few notable gains and failed to capitalize on the previous day’s advance. Among leading stocks, RIMM announced its new BlackBerry PlayBook tablet device would go on sale at U.S. stores on April 19. Apple rose almost 0.6% on news that the iPad 2 will go on sale in 25 more countries on March 25. The S&P 500 faltered in the face of resistance near the 1300 zone during the early going. That left it to muddle along with a modest loss for the rest of the session as buyers sat on their gains from the prior session.
