11:20am – CNBC has been reporting about Apple’s annual conference for software developers today.
Apple made announcements: improvements to Mac OS X Mountain Lion, a brand new iOS 6 for iPhone, and a new and improved Macbook Air with twice the flash drive space and other improvements.
Apple stock was rallying earlier this morning but now is struggling to remain in the green.
11:24am – Siri is going to be available on the new iPad.
Stocks fell and the euro sank against the dollar on Monday, while Spanish bond yields rose, as investors worried about details of a $125 billion deal struck over the weekend to shore up Spain’s banks.
Wall Street traded lower after closing its best week of the year on Friday, gaining almost 4 percent, on hopes of the weekend bailout for Spain’s banks. —Reuters
Apple Worldwide Developers Conference
The Apple Worldwide Developers Conference has kicked off this morning in San Francisco.
11:34am – StockTwits: “Apple introduces MacBook with sharper ‘Retina’ display, bringing iPad feature to PC http://t.co/5fkWHgXv $AAPL #WWDC” —Yahoo Finance
Editor’s Note: Apple’s Worldwide Developers Conference kicked off today in San Francisco at the Moscone Center where the tech giant introduced a new MacBook Pro with retina display and up to 16GB of memory.
“The MacBook Pro with Retina display pushes the limits of performance and portability like no other notebook,” said Tim Cook, Apple’s CEO. “With a gorgeous Retina display, all flash architecture and a radically thin and light design, the new MacBook Pro is the most advanced Mac we have ever built.” —CNBC
Apple has just announced a new app with iOS 6 called “Passbook.” The app will keep all of your boarding passes for flights and things like movie tickets and loyalty cards in one place. This is pretty awesome, and something we’ve needed for a long time. —TheNextWeb.com
11:54am – CNBC covers security for the uber rich. 9:30pm EST – Documentary: Dangerously Rich: Billionaire Super Security
Apple stock is struggle and down from its earlier highs of the day.
12:37pm – Apple stock plummets to 573.82. It seems that investors are disappointed with the announcements and news coming from Apple’s WWDC.
12:55pm – The stock market will finish in the negative today. The DOW is down 144. NASDAQ down 48. Perhaps we blame this on Apple’s “disappointing” announcements at the WWDC in SF, and the financial problems in the Euro Crisis, particularly Spain.
1:00pm – And it’s the closing bell. The market is closed. Have a good day, everyone.