Apple Shares Slide Nearly 10 Percent Over Week
But are on the rebound now
Apple jumped 1.7 percent, reversing an earlier loss. Akamai (AKAM) Technologies Inc. increased 11 percent after agreeing to sell services with AT&T Inc. H&R Block Inc. (HRB), the biggest U.S. tax preparer, advanced 3.5 percent after reporting a loss that was smaller than analysts estimated. Freeport-McMoRan Copper & Gold Inc. (FCX), the world's largest publicly traded copper producer, and MetLife Inc. (MET), the biggest U.S. life insurer, declined at least 1.4 percent following analysts' rating cuts.
The Standard & Poor's 500 Index added 0.3 percent to 1,412.99 at 11:54 a.m. New York time, after dropping as much as 0.2 percent earlier. The Dow Jones Industrial Average rose 15.81 points, or 0.1 percent, to 13,050.3. Trading in S&P 500 companies was in line with the 30-day average at this time of day, according to data compiled by Bloomberg.