Stocks extended losses, with banks, energy and airline stocks among those hardest hit as investors fretted about the economy. Oil prices dropped ahead of an OPEC meeting later this week Tech stocks closed in the red after Steve Jobs unveiled new software offerings along with a cloud service, but did not reveal any new hardware products. Apple slid 1.6% . Microsoft unveiled new software for its Xbox video game system at the annual E3 trade show and added 0.6%. Dell and Intel also were on the rise. Implied volatility spiked to 18.4 on moderate trading volumes.
Tuesday, June 7, 2011
Extended losses
Stocks extended losses, with banks, energy and airline stocks among those hardest hit as investors fretted about the economy. Oil prices dropped ahead of an OPEC meeting later this week Tech stocks closed in the red after Steve Jobs unveiled new software offerings along with a cloud service, but did not reveal any new hardware products. Apple slid 1.6% . Microsoft unveiled new software for its Xbox video game system at the annual E3 trade show and added 0.6%. Dell and Intel also were on the rise. Implied volatility spiked to 18.4 on moderate trading volumes.
