Live Blogging the Stock Market: Spain, Apple, CNBC

11:18am – This website was down earlier in the morning, but we are back up again, “live”.

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.

Spain Woes

Rally fizzles as Spain bank bailout details unclear

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

11:38amLive Blog: Apple Unveils iOS6, New MacBook Pro

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

11:42amApple announces Passbook, “The simplest way to get all of your passes in one place”.

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

CNBC Reports

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.

Closing Bell

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.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and Amazon.com.

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