Apple, Boeing Decline; Merck, NYSE Gain

Mayank Mehta
28 Jun, 2010
New York City

Apple Inc said it sold 1.7 million iPhone 4 in the first three days of selling. Isle of Capri dropped after it filed to sell as many as 9 million shares. BP Plc gained on the speculation that its chief executive may resign as early as today.

[R]11:00 AM New York – Apple Inc said it sold 1.7 million iPhone 4 in the first three days of selling. Isle of Capri dropped after it filed to sell as many as 9 million shares. BP Plc gained on the speculation that its chief executive may resign as early as today.[/R]

Gerova Financial Group, Ltd. led the decliners in the S&P 500 index with a loss of 10.0% followed by losses in Opko Health Inc. of 6.2% and in Ariba, Inc. of 4.0%, and in Avago Technologies Limited of 4.0% and in Warner Chilcott PLC of 3.9%.

Polypore International, Inc. led gainers in the S&P 500 index with a rise of 4.6% followed by gains in Amylin Pharmaceuticals, Inc. of 4.4%, in Asiainfo Holdings, Inc. of 4.2% and in Cabot Oil & Gas Corporation of 3.7% and in Boston Private Financial Holdings, Inc. of 3.7%.

Other Movers

Aflac Inc. ((AFL)) increased 4% o $45.41 after the supplemental health insurer sold all its Greek government bonds at a loss.

Auxilium Pharmaceuticals, Inc. ((AUXL)), the drug manufacturer advanced 0.7%.

Apple Inc. ((AAPL)) fell 0.4% or $1.11 to $265.59. The company announced today that it sold over 1.7 million of its iPhone 4 through Saturday, June 26, just three days after its launch.

BorgWarner Inc. ((BWA), the maker of automatic-transmission parts fell 0.9% or 37 cents to $39.30.

Delta Air Lines, Inc. ((DAL)), the carrier dropped 2.5% or 31 cents to $12.00.

Isle of Capri Casinos Inc dropped as much as 11% after it filed in a regulatory statement to sell as many as 9 million shares to refinance debt.

Merck & Co., Inc. ((MRK)), the pharmaceutical company rose 0.9% or 32 cents to $35.93.

NYSE Euronext ((NYX)), the operator of financial markets rose 2.0% or 59 cents to $28.78.

Universal Health Services, Inc. ((UHS)), the operator of more than 100 U.S. medical facilities dropped 0.4% or 18 cents to $40.07 l.