A new record high for Apple is powering tech, and the Nasdaq. Plus, Apple’s developers conference keynote is just wrapping up — we have all the big headlines, including a couple of surprises. And Facebook defends itself following a new data privacy revelation. Can users, and investors, trust Facebook? Plus, baby’s first word, is music to Jeff Bezos’s ears. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the red include Nektar Therapeutics as a clinical trial update revealed melanoma patients aren’t responding to its experimental treatment, Colfax as BofA Merrill downgrades the industrial name to underperform with a $32 price target, and NXP Semi shares slipping as Streetinsider.com reports concern is growing over the Chinese Government’s approval of Qualcomm’s $44 billion buyout of NXP.
Stocks in the green include Whirlpool as Credit Suisse upgrades it to outperform and hiked its price target to $195, citing US tailwinds, Under Armour as Stifel hiked its price target to $27, encouraged by recent discussions with management regarding profitability, and Boeing — shares pushing higher as it will enter a partnership with French engineering firm Safran, to produce and maintain auxiliary power units for airplanes.