Dow rallies, but Nasdaq down with Apple




Winning on Wall Street Podcast show

Summary: The Daily WOWS 9/11/13 The averages ended in mixed fashion as the Nasdaq shed 0.1% while the S&P 500 added 0.3% to register its seventh consecutive advance. For its part, the Dow Jones Industrial Average gained 0.9%. Apple (AAPL 467.71, -26.93) sank 5.4% after the company's overnight product refresh event in China did not reveal a deal withChina Mobile (CHL 55.87, -1.53) as many investors had expected. The underperformance of Apple kept the Nasdaq and the technology sector (-0.5%) in the red throughout the day while the S&P was able to shake off the opening weakness. The price-weighted Dow was unaffected by Apple as the largest member of the blue chip index, IBM (IBM 190.70, +4.10), gained 2.2% after saying last night it will be selling its lower margin customer care business process outsourcing services business to Synnex for $505 million. Including IBM, 26 of 30 Dow components ended in the green.