May 24, 2013

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Reporter: Bloomberg Email

Friday's Bloomberg Market Report

Did you hear? The new iPhone 5 came out Friday. Fans lined up, itching to get their hands on the device. And the world's biggest retailer is planning to add thousands of seasonal jobs. Here's the Bloomberg After The Bell Report.

New York Stock Exchange
8377.51 up 4.60

American Stock Exchange
2487.24 up 2.90

Nasdaq Composite
3179.96 up 4.00

Standard and Poors 500
1460.15 down 0.11

The iPhone 5 is finally here. Apple fans flocked to the company's flagship store in New York, but an early rally in Apple shares didn't last and the stock closed up just a fraction. The broader stock market also had a late day fade and barely budged as financial shares slid.

Hewlett-Packard CEO Meg Whitman is hoping to revive the struggling computer maker by introducing new products aimed at corporate clients. Sources say Whitman plans to sell new software and tablets for businesses and a combination storage, computing and networking machine.

Are you looking for some extra work to buy all those holiday presents? You might want to try Walmart. The world's largest retailer said it plans to hire more than 50,000 workers for the holiday shopping season. Current employees will also be offered extra hours. Walmart joins Target and Kohls in adding more employees ahead of the busy shopping season.


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