Apple Throws Their Developer Party

Apple Throws Their Developer Party

Last week, stocks added to what has been a strong start to the summer. The S&P 500 and Nasdaq Composite both gained nearly 2%. Apple AAPL , Amazon AMZN , Facebook and Netflix NFLX all posted solid gains, helping to push both indices to a new yearly high. Shares of Apple are closing in on new all-time highs. Its prior closing high was $182. 01 and in premarket, shares are indicated just under $183. Apple will host their World Wide Developers Conference today where the company is expected to unveil new operating software for both Mac and iOS. But the more anticipated announcement surrounds the company's entry into virtual reality and a new headset expected to cost $3, 000. Other stocks making news this morning include Dish Network and Palo Alto Networks PANW . At the end of this month, the S&P 500 will rebalance and Palo Alto Networks will be replacing Dish. In premarket trading, shares of Dish are down about 3% while Palo Alto shares are indicated higher by nearly 5%. The replacement of Dish comes following a story that Amazon is currently exploring offering Prime members low cost or potentially free mobile phone service. Amazon is reportedly