Stocks rebounded today from two straight days of losses. All major indexes advanced. Notable gains on the Nasdaq seemed to be led by Apple.
— Stocks rebounded today from two straight days of losses. All major indexes advanced. Notable gains on the Nasdaq seemed to be led by Apple (AAPL), as its shares headed back up 3.1% to rise above the $100 mark again. Yesterday, Apple’s stock went on a wild ride throughout its numerous product announcements, but today the stock seemed to regain its footing again and stabilize.
Dollar General (DG) was back in headlines today as its pending takeover of Family Dollar (FDO) officially became hostile, as Dollar General decided to take its $9.1 billion takeover directly to Family Dollar shareholders. Family Dollar’s corporate board seems to be leaning more towards the offer from its other competitor, Dollar Tree (DLTR).
Regarding the latest downward trend in oil prices, well, today's news further confirmed that the trend continues as we heard that weekly oil inventory numbers show a huge build up in inventory. Brent crude oil remains below $100/barrel and is now at a 17-month low.
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