Angst Reigns on Wall Street

Apple (APPL Quote - Cramer on APPL - Stock Picks) was another tech leader, rising 3.8% after the company announced it has sold 1 million iPhones. Last week, shares sold off after Apple reduced the retail price on the 8-gigabyte model by $200. Apple finished up $4.94 at $136.71.

Shares of Palm (PALM Quote - Cramer on PALM - Stock Picks) fell 4% after Lehman Brothers downgraded the stock to underweight from equal weight, citing softening demand for the company's Treo phone. The stock eased 62 cents to $14.75.

Outside of tech, Disney (DIS Quote - Cramer on DIS - Stock Picks) was also making news after the company said it would be testing its toys for lead content. The move comes after toymaker Mattel (MAT Quote - Cramer on MAT - Stock Picks) issued three separate recalls for toys made in China that were found to have unsafe levels of lead. Disney dipped 3 cents, or 0.1%, to $33.56.

Elsewhere, the October front-month crude contract added 79 cents to finish at $77.49 a barrel. Gold futures added $2.50 to close at $712.20 an ounce, while silver was off 6 cents at $12.70 an ounce.

Markets overseas were mostly lower. Japan's Nikkei 225 plunged 2.2% overnight. The Paris CAC 40, London's FTSE 100 and Germany's Xetra Dax were off 0.4% or more.

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