Mid-Day Market Update: Oil Futures Tumble For Third Day in a Row; BlackBerry Shares Decline

Midway through trading Monday, the Dow traded down 0.32 percent to 15,401.45 while the NASDAQ declined 0.59 percent to 3,752.48. The S&P also fell, dropping 0.54 percent to 1,700.73.

Apple

reported that it has

new iPhone 5s and iPhone 5c models in the first three days after the launch of the new iPhones on Friday. Last September, Apple sold more than 5 million iPhone 5 models in the first three days after its launch. Apple also said that it estimates Q4 sales to be near the high end of its earlier projected range of $34 billion to $37 billion.

Isis Pharmaceuticals

shot up 3.36 percent to $37.27 after the company reported

on ISIS-APOCIII Rx in patients with familial chylomicronemia. Shares of Apple

got a boost, shooting up 3.63 percent to $484.37 after the company reported that it has sold nine million new iPhone 5s and iPhone 5c models in the first weekend. Maxim Integrated Products

was also up, gaining 1.30 percent to $30.07 after analysts at Goldman Sachs upgraded the stock from Neutral to Conviction Buy.

Shares of BlackBerry

were down 4.87 percent to $8.30. RBC Capital downgraded the stock from Sector Perform to Underperform. On Friday, the company issued weak second-quarter outlook and announced its plans to lower 4,500 jobs. J. C. Penney Company

shares tumbled 4.01 percent to $12.44. JC Penney is in talks to raise more money, Bloomberg reported. Northern Tier Energy LP

was down, falling 4.84 percent to $18.59 after the company reported an operational issue with crude unit.

In commodity news,

to $103.62, while gold traded down 0.23 percent to $1,329.40. Silver traded down 0.12 percent Monday to $21.90, while copper fell 0.62 percent to $3.30.

European shares

today. The Spanish Ibex Index dropped 0.68 percent, while Italy's FTSE MIB Index fell 0.32 percent. Meanwhile, the German DAX dropped 0.47 percent and the French CAC 40 fell 0.75 percent while U.K. shares declined 0.59 percent.

The Chicago Fed National Activity Index surged to +0.14 in August, versus -0.43 in July. The preliminary reading of Markit flash manufacturing PMI declined to 52.8 in September, versus a reading of 53.1 in August.