Saturday, September 15, 2012

Stocks Mixed At Midday; Chesapeake Gains, Apple, Facebook Fall

Equities were mixed in midday trading ahead of the long weekend. TheDow Jones Industrial Average was recently down 0.3%, while the Nasdaq was up 0.1% and theS&P 500 was unchanged.

Chesapeake (CHK) was rising 2.5% recently;� the nation’s second-largest natural gas producer got a boost from rumorsthat BlackRock (BLK) and Carl Icahn had taken stakesin the beaten down shares.

Meanwhile Apple (AAPL) was down 0.4% despite one analyst‘s belief that it will reach $1,000.� Facebook (FB) tumbled 4.2% as Capstone arguedthat the social media site needs another revenue source besides ads.

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