January 18, 2011
Tuesday was a busy day for company news led by another medical leave of absence for Apple's Steven Jobs. Apple shares ended two percent lower, well up from a six percent drop at the opening. Unsettling news also came out of the financial sector as Citicorp, down six percent, missed earnings estimates due to weak bond-trading results. Boeing rose four percent after pushing back 787 delivery by another six months. Boeing shares are now back to where they were when the November electrical fire first raised doubts over first-quarter delivery for the Dreamliner, doubts that led to three months of uncertainty and which initially sent its shares down as much as 15 percent.
The Dow industrials rose nearly a half percent to 11,837. Commodities were little changed while rates edged higher with the 10-year Treasury yield at 3.36 percent. The dollar index fell a half percent to 78.98.