A mixed day for stocks has not closed S&P 500 Index (SNPINDEX: ^ SPX) With the tech sector on a large scale, rising 18 points to a high on 15 September. Select Technology Sector SPDR (NYSEMKT: XLK), Which tracks technical shares in the S&P 500, was up more than 1% today.
The tech sector makes up about 30% of the index’s total value, making it particularly impact on the daily movements of the S&P 500, especially as the technology behemoths at the top of the market cap stack. For example, one of the best performing tech stocks today was Adobe system (NASDAQ: ADBE)The shares gained 2.4% after the company’s third quarter results.
Today on the negative side, Carnival (NYSE: CCL) Shares fell nearly 11% when the company released preliminary fiscal third quarter results, disappointing investors who were expecting a major loss, but not offering a billion dollar stock.
In other notable news, Apple (NASDAQ: AAPL) Enthuses consumers when it announces a spate of new products and services Craft Heinz (NASDAQ: KHC) Announced a $ 3 billion deal to close most of its cheese business.
Carnival caching, shareholders are exiting
Carnival’s initial results were largely expected, as the company announced that it incurred a $ 2.9 billion loss in its fiscal third quarter as the industry is still largely unable to return to the sea. Carnival has embarked on some limited trips along its Costa and AIDA lines, but will prevent the coronovirus epidemic industry at the port, preventing a combination of faster, accurate, and cheaper testing, better treatment, and comprehensive vaccines.
Probably the biggest reason was the sharp decline in Carnival shares. Today there was news that the company would sell another $ 1 billion in stock to raise more cash, watered investors who expected the company to already have enough There was enough cash to ride the fall.
Shares of Norwegian Cruise Line Holdings (NASDAQ: NCLH) And Royal Caribbean (NYSE: RCL) Carnival also fell on announcement, today lost 4.6% of their value.
Targeting health and fitness, more services
The giant of all tech giants unveiled several new gadgets today, including its lineup of Apple Watch products. A blood oxygen sensor will be added to the Series 6 model, while the addition of the sub- $ 300 Apple Watch SE will likely pull more consumers into the Apple Watch ecosystem.
The Cupertino veteran unveiled Apple Fitness +, a service built specifically around Apple Watch. For $ 9.99 per month, users will have access to a wide selection of exercise materials, including videos designed to engage and support a healthy lifestyle. The company also launched a series of bundles of various Apple services, which should attract some customers to add new content at lower prices before bundling offerings.
Apple announced an update to the iPad line now in its 8th generation, including faster and more capable processors and a completely redesigned iPad Air.
Looking for an update on the new 5G iPhone? You have to wait a while. The company plans to hold an iPhone event later this year.
Kraft Heinz is selling his … cheese business?
In exchange for $ 3.2 billion, the packaged food giant best known by Americans for mac and cheese is actually selling a large portion of its cheese business to the group Lactalis. The deal includes some of Velvetta’s recognized craft brands, including Velveeta’s internationally made cheese, but other brands including Cracker Barrel, Knodson and Breakstone are not recognized as part of the larger brand. .
The sale largely appears to be about addressing the Kraft Heinz balance sheet, along with a $ 29 billion loan that is bloated on the company. Management said it would use the proceeds from the deal, which is expected to close in 2021, to pay off the debt.