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Stocks End Flat After Reversing From Initial Climb at Opening Bell

August 6, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. markets ended little changed after a choppy session. The New Year did not bring in new habits for oil. Crude prices lost about 1% to settle at $52.69 a barrel. General Motors (GM) slipped just a bit despite starting the New Year with a fresh round of recalls. The American automaker called back 92,000 SUV’s and trucks for faulty ignitions. Shares of Apple (AAPL) fell almost 1% after a bearish blog post. Fred Wilson, a well-known Silicon Valley investor said the Apple Watch will ‘not be the homerun product’ like previous Apple launch products. Despite being one of the worst Dow performers in 2014, IBM (IBM) led the first day of trading for the blue chip, adding more than 1%.

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