The markets were slightly positive today as investors are mostly content to see the results of the healthcare bill going through congress. The results could send shock waves through the market, but now that it is delayed most investors were happy to sit back and wait. The Dow 30 was lower by 4, the S&P 500 lost 2, and the Nasdaq 100 was lower by 3. Tomorrow the markets will likely be responding to any new news of the healthcare bill. Many analysts are calling for a selloff if the market starts higher.
Apple (NASDAQ: AAPL) shares were mixed today (-0.35%) as some news came out that the company is buying Workflow, a popular mobile app for automating tasks. "Workflow allows users to string a series of repetitive actions together to make them easier and quicker to accomplish, such as creating GIFs from photos or posting photos on various social media platforms." At one point Apple called this app the "most innovative" which analysts now believe was setting the stage for buyout talks. The terms of the deal were not disclosed. Shares still remain very close to highs for 2017.
Amazon (NASDAQ: AMZN) was in the news again today though shares were not very active. Reports were coming out this morning that the US e-commerce giant is "close to buying the Middle East's largest online retail site, Souq.com." This comes after talks between the two companies broke down in January, according to Reuters. Investors were not quick to jump on the news and the stock settled lower by only 0.08% on the day.
Mylan (NYSE: MYL) was back in the news today but this time for a recall. The generic drug maker recalled about 81,000 EpiPens outside the US following two reports that the emergency allergy shot failed to work and the patients had to use an alternate treatment. The company reported that the recall only affects devices distributed in Australia, New Zealand, Japan and Europe. Despite the news shares only closed lower by 0.23%