Market Wrap-Up for Sept. 11 (AAPL, IBM, DIS, PM, more)

The major U.S. indices were mixed in early trading this morning, following the lead of the global markets, and cooling off after a bullish start to the week. However, stocks eventually regained some steam as the day’s trading went on and the Dow added to its recent rally, led by IBM (IBM), Walt Disney (DIS), and Microsoft (MSFT). The S&P 500 edged only slightly higher and the NASDAQ edged lower, as these indices were dragged down by the likes of Apple (AAPL), Qualcomm (QCOM), and others.

Stocks on the Rise

There were a number of stocks that saw positive action today for various reasons. As mentioned above, IBM shares are rallied after the company announced that it closed a deal to sell its customer care business for $505 million. Disney shares got a boost from an analyst upgrade at ISI Group. Furthermore, Philip Morris International (PM) rose higher in the day’s trading due to its announcement of a 10.6% dividend increase.

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Other stocks rising higher today due to Wall Street analyst upgrades are Marriott International (MAR), Wynn Resorts (WYNN) and Covidien plc (COV).

Stocks on the Decline

Some of the stocks in the red today were Citigroup (C), after it was reported that it will layoff more than 2,000 employees in its mortgage unit, and Legg Mason (LM), after it reported a decline in its assets under management in August.

Furthermore, following Wall Street analyst downgrades, shares of BlackRock (BLK), Apache (APA