Midday movers: Apple, Pandora, Facebook

Stocks are higher after S&P raises its outlook on the US economy, Chinese data disappoints and Japanese stocks rally.

By MSN Money Partner Jun 10, 2013 1:26PM
Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Apple (AAPL) advanced over 1% ahead of its Worldwide Developers Conference, which kicked off moments ago with a keynote address from CEO Tim Cook. An updated mobile iOS, a new version of its desktop operating system and new MacBooks have all been rumored to debut, but the most discussed potential announcement is Apple’s "iRadio" Pandora (P) competitor. Pandora shares were down almost 3% as the event approached.

Facebook (FB) shares rallied 5% after research analysts at Stifel and JPMorgan both issued positive notes to investors about the social network company. 

Among the notable gainers was Canadian Solar (CSIQ), which rose 7% after announcing a $300M deal for solar power plant construction. 

Among the noteworthy losers were Dynavax (DVAX), which dropped 34% after reporting feedback from an FDA meeting regarding its investigational adult hepatitis B vaccine, and Titan International (TWI), which fell over 8% following downgrades by at least three firms.
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