On Wednesday, after the statement received from ECB that it would no longer accept Greek public securities as guarantee for regular central bank loans, The Standard & Poor’s 500 Index dropped down, after the biggest two-day rally in almost a month.
Moreover, Greek banks will still have access to funds through the ECB’s emergency lending program. The declaration comes as Greece’s government considers to ease conditions on its bailout program.
The Dow added 6.62 points, or less than 0.1%, to close at 17673.02. Oil prices also ricochet back, and on Wednesday It decline to nearly 9%.
The Greek news, declared just before the close of U.S. markets, banged stocks back on their heels as equities had been gathering momentum regardless of data that showed oil inventories have been mountaineering, while economic data on the labor market and nonmanufacturing sector came in lackluster.
“The intraday correlation between oil and stock prices is due to the power of short-term traders and central bank liquidity,” Kelly said.
On the other hand, Few giant companies released major news, which are detailed underneath:
Apple Inc. (NASDAQ:AAPL) NEWS UPDATE:
According to very recent news, Apple Inc. (NASDAQ:AAPL), a giant manufacturer of markets mobile communication and media devices declared that their healthcare technology, is spreading quickly among major U.S. hospitals, showing early promise as a way for doctors to monitor patients remotely and lower costs.
Fourteen of 23 top hospitals contacted by Reuters said they have rolled out a pilot program of Apple’s HealthKit service - which acts as a repository for patient-generated health information like blood pressure, weight or heart rate - or are in talks to do so.
The pilots plan to help physicians monitor patients with such chronic conditions as diabetes and hypertension. Apple competitors Google Inc (GOOGL.O) and Samsung Electronics , which have publicized similar services, are only just initiating to reach out to hospitals and other medical partners.
Apple’s HealthKit works by gathering data from sources such as glucose measurement tools, food and exercise-tracking apps and Wi-fi connected scales. The company’s Apple Watch, due for release in April, assures to add to the range of possible data, which with patients’ support can be sent to an electronic medical record for doctors to view.
Apple Inc. (NASDAQ:AAPL), inclined 0.77% to settle at $119.56. The company has market capitalization of $696.41B. Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players worldwide.
Staples, Inc. (NASDAQ:SPLS), & Office Depot, Inc. (NASDAQ:ODP), NEWS UPDATE:
In the very recent news from, Staples, Inc. (NASDAQ:SPLS), just bought Office Depot, making it by far the major office supply outlet in the US and a significantly larger source for everything from computers to 3D printing. The joint company expects to use its newborn clout to speed up its “planned reinvention,” letting it dip into delivery businesses and flee its old-school focus on workplace basics like pens and desk chairs. The deal isn’t predictable to close until nearer to the end of 2015.
On Wednesday, Staples, Inc. (NASDAQ:SPLS), declined 11.99% to settle at $16.73. The company has market capitalization of $10.70B. Staples, Inc., together with its auxiliaries, operates office products superstores. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations.
Office Depot, Inc. (NASDAQ:ODP), inclined 2.21% to settle at $9.49. The company has market capitalization of $5.11B. Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions.
Facebook, Inc. (NASDAQ:FB), NEWS UPDATE:
Facebook, Inc. (NASDAQ:FB), very recently declared that Brian Boland, Vice President, Advertising Technology will take part in the Goldman Sachs Technology and Internet Conference on February 11, 2015 at 10:20 a.m. Pacific Time.
Facebook, Inc. (NASDAQ:FB), inclined 0.31% to settle at $75.63. The company has market capitalization of $211.69B. Facebook, Inc. operates as a social networking company worldwide. It offers a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
