9-10-13 4:29 PM EDT | Email Article

By Sue Chang and Ben Eisen, MarketWatch


SAN FRANCISCO (MarketWatch) -- Apple Inc. shares retreated more than 2% on Tuesday as the technology company introduced two new iPhones that came with many of the features that had been leaked previously, including a fingerprint reading sensor.


Top tickers trending


$AAPL: As expected, Apple (AAPL) rolled out the iPhone 5C, a cheaper version of its name sake, and the iPhone 5S that boasts Touch ID, a fingerprint sensor embedded in the home button. The 5C will be available in five colors and will start at $99 for a 16 gigabyte one, while the 5S will be offered in three colors -- black, silver, and gold.


"In our view, this was a historic event for Apple as the company began segmenting the iPhone portfolio for the first time ever with a lower priced iPhone, the iPhone 5C," Brian White at Cantor Fitzgerald said in a note. "We expect that today's event will prove to be part of a larger string of events over the next year as Apple enters a year of innovation in fiscal year 2014."


Apple will start taking pre-orders for 5C this Friday with retail launch scheduled for Sept. 20, including China.


Shares of Apple, which at one time had recovered to trade slightly higher during the event, shed 2.3% to end at $494.64.


$BBRY: Shares of rival smartphone maker BlackBerry (RIMM) sank 5.1%. Reuters reported late Monday that Fairfax Financial Holdings, BlackBerry's largest shareholder, had talked to multiple investment funds about a possible proposal to take BlackBerry private, but the discussions were preliminary.


$DJIA:S&P Dow Jones Indices said Tuesday that Goldman Sachs Group Inc. (GS), Nike Inc. (NKE) and Visa Inc. (V) would join the Dow Jones Industrial Average (DJI), while Bank of America Corp. (BAC), Hewlett-Packard Co. (HPQ) and Alcoa Inc. (AA) would leave the blue-chip benchmark to make way for the newcomers.


Goldman Sachs advanced 3.5%, Visa gained 3.4% and Nike rose 2.2%.


News that Hewlett-Packard will no longer be part of the Dow dragged the stock lower by 0.4%. Alcoa shares were down 0.3%. However, Bank of America took the news in stride with the stock up 0.9%.




Netflix Inc. (NFLX) closed up 6.4% after hitting its all-time high of $313.24 earlier in the session. The video streaming company reached a deal with Virgin Media and Tivo Inc. (TIVO) that allows Virgin subscribers to access Netflix via Tivo, according to reports. Netflix will also launch its new original series "Derek," starring Ricky Gervais, on Thursday.


Discount teen accessories retailer Five Below Inc. (FIVE) shares jumped 17% after the company reported that its second-quarter profit more than tripled.


Christopher & Banks Corp. (CBK) surged 12% after it reported that its second-quarter loss narrowed. Costs declined while revenue turned higher.




Urban Outfitters Inc. (URBN) slumped 10%, at one point triggering Nasdaq's short-sale circuit breaker. The retailer late Monday said same-store sales so far in the third quarter rose by mid-single digits. Analysts surveyed by FactSet are projecting comparable sales to rise 6.3%.


Shares of Crocs Inc. (CROX) fell 2.2%, paring losses, after the shoe maker reduced its outlook after disappointing earnings. The company said it now expects third-quarter earnings of 15 cents to 18 cents per share on revenue of $285 million to $295 million. Trading of Crocs stock was temporarily halted.


PVH Corp. (PVH) reported a second-quarter loss late Monday, dragging shares down 5.6%.


ConAgra Foods Inc. (CAG) shares slid 6%. The packaged food company on Tuesday cut its 2014 earnings per share outlook to a range of $2.34 to $2.38 from $2.40 previously.

-Sue Chang; 415-439-6400; AskNewswires@dowjones.com


Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

09-10-13 1629ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar

Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/9/10 - UPDATE: Apple slides over 2% as two new iPhones unveiled
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: UPDATE: Apple slides late in mixed day for tech stocks  |  Next: UPDATE: Apple slips ahead of iPhone show-and-tell