The number of Americans without health insurance declines and the announcement about the new Apple iPhone has arrived. Here's the Wednesday Bloomberg After The Bell Report.
American Stock Exchange
2420.48 down 16.48
3114.31 up 9.78
Standard And Poors 500
1436.56 up 3.00
Apple showed off its new weapon in the smartphone wars, the iPhone 5. The new device has a bigger screen, four inches to be exact, and it's thinner and lighter than previous models and has a chip that can process commands faster. The new iPhone costs between $200 and $400. It's an overhaul aimed at widening Apple's lead over Samsung and Google in the $219 billion smartphone market.
As for the markets, stocks ended the day little changed as investors wait to hear if the Federal Reserve will launch another round of economic stimulus.
Meantime, Monster, the largest energy drink maker, fell the most in a month after two U.S. senators called for more regulation of the beverages.
The number of Americans without health insurance fell for the first time since 2007 as many people under the age of 26 took advantage of a new law allowing them to stay on their parents' plans. That's according to the Census Bureau. The number of uninsured people fell by more than a million in 2011, the most since at least 1999.