Crude oil prices rebounded to lift the markets during the midday with the Dow rising 25 points to 18,517. Nasdaq gained 19 points to 5,268.
New York state Attorney General Eric Schneiderman said that the state was investigating allegations of antitrust violations by Mylan Pharmaceuticals. Mylan provides free EpiPens to schools through its EpiPens4Schools program. In order to participate in the program, schools allegedly signed contracts that prohibited them from purchasing products from Mylan competitors for a year.
Apple is expected to introduce its next iPhone and to announce updates to iMessages at its fall media event tomorrow. Rumors have circulated that the new iPhone may be waterproof. iMessages will now include more visual features such as stickers and animated balloons.
Starbucks will begin offering drinks sweetened with the naturally extracted, zero calorie sugar substitute stevia in most of its North American cafes. The coffee chain has nearly 9,000 locations in the U.S. and Canada. Switching from artificial sweeteners such as Splenda to natural ingredients is part of a nationwide trend to pursue a healthier lifestyle.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 lost 4 points to 2,175. Bitcoin added $1 to $605.
