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The iPad's Growing Pains

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28 July 2010, 5:00 am by: Richard Adhikari
Sinking consumer confidence dragged down stocks Tuesday, and although the Dow Jones Industrial Average rose a dozen points, broader indexes slipped, and the number of stocks losing ground outnumbered those that picked up. Apple was in the minority group, closing at $264.08, or up $4.80, on Tuesday. The last time it cleared the $260 mark was back in June. Tuesday's rally may have been fueled by a slew of new and refreshed products Cupertino released. Apple refreshed its iMac and Mac Pro lines, and it unveiled its Magic Trackpad and a 27-inch Cinema Display on Tuesday.
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