Angst Reigns on Wall Street

Apple (APPL Quote) 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) 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) 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) 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.