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Apple Back Above $100 on News of iPad Release in Midday Trading

Susannah Lee
9/18/14 11:55 AM EDT
Stocks are adding to gains and hitting new highs in midday trading Thursday. Investors are still feeling good about the Fed's remarks Wednesday on keeping interest rates low. Financial stocks are rising, Goldman Sachs (GS), JPMorgan (JPM) and Citigroup (C) are all gaining in the session. Over on the Nasdaq, tech stocks are also holding in positive territory. Apple (AAPL) and Amazon (AMZN) are rising with Apple trading back above $100. Both companies are up with the help of their tablets. Apple says it will unveil new iPads next month. Amazon revamped its line of Kindle and Kindle Fires. Yahoo (YHOO) is down after gaining more than 12 percent in one month. Shares rose as investors wait for Alibaba (BABA) to price its initial public offering after today's close. Yahoo owns about a 24 percent stake in the Chinese e-commerce giant. Alibaba is expected to price between $66 and $68 dollars a share and could be the largest IPO in U.S. history.
Stock quotes in this video: GS, JPM, C, AAPL, AMZ, YHOO, BABA, .DJI, .INX, .IXIC

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