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Whopping Gains for Burger King in Rally, Apple Recalls iPhone 5s

8/25/14 4:31 PM EDT
The S&P 500 closed just shy of the record 2000 milestone, which it hit in the session but still closed at a record high. The Dow Jones Industrial and Nasdaq also advanced in today's trading. Burger King (BKW) gained a ‘whopping’ near 20 percent in the session on high volume. The home of the Whopper said it is in talks to buy doughnut and coffee chain Tim Hortons to create the world’s third largest fast food chain. Tim Hortons (THI) also popped, closing almost 19 percent higher. Financial stocks had a strong performance. Morgan Stanley (MS) is up more than 2 percent. JPMorgan Chase (JPM) and Goldman Sachs (GS) also joined the rally becoming the top performers for the blue chips. Apple (AAPL) says a ‘VERY small percentage’ of iPhone 5 units may suddenly experience shorter battery life. The company is offering a new out-of-warranty program for those phones. The earnings march continues on Tuesday with Best Buy (BBY), Bob Evans (BOBE) and gun maker Smith and Wesson (SWHC) set to report.
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