A likely showdown in Washington and mixed comments from Fed officials weighed on stocks today. Heading into the last half hour of the session, the Dow, Nasdaq and S&P 500 were all in the red.
Investors tried to find direction from comments today by various Fed presidents. Although several officials spoke today, it was unclear whether there was any consensus on the direction of its stimulus policies. Adding to the uncertainty was the debate in Washington and a possible shutdown of the government.
Apple (NASDAQ:AAPL) shares jumped over 5% after the company said there's more demand than supply for its iPhones. The company said it sold 9 million new iPhones since its debut on Friday. As for winners on the Dow - UnitedHealth (NYSE:UNH) and General Electric (NYSE:GE).
Tomorrow, investors will be watching for data on consumer confidence and earnings from Carnival (CCL).
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