Stocks posted modest gains yesterday after a German court declined to block a euro-area rescue fund and investors focused on the possibility of further stimulus from Federal Reserve Chairman Ben Bernanke and his colleagues. It’s widely expected that the Fed will extend the length of its record-low interest-rate policy into 2015 as it strives to bolster the recovery and help reduce the nation’s unemployment rate. Also, import prices rose 0.7% in August, after declining 0.7% in July, while export prices rose 0.9% in August, after rising 0.4% the prior month. Total inventories rose 0.7% in July. Apple unveiled the iPhone 5, a thinner, lighter version of its iconic phone at an investor event and gained 1.4%. Facebook rose 7.7%, a day after CEO Mark Zuckerberg made his first public interview since the company's IPO. Also,Zynga gained 10% after Zuckerberg called the social-game maker “a fundamentally strong company,” though he added that Zynga has lost market share on the Facebook platform and “has had a rough few quarters.” Texas Instruments recovered from earlier losses, gaining 0.03%, a day after the co. narrowed its sales and earnings forecast, warning of weak demand. Apple rose 0.25% in active trading Wednesday evening, adding to dayside gains following the company’s unveiling of its new iPhone model.
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