Wall Street mourns, then stocks move up

After a moment of silence in honor of ex-president Ford, investors pick up the rally right where it left off.

December 27 2006: 9:44 AM EST

NEW YORK (CNNMoney.com) -- Stocks moved higher Wednesday after the New York Stock Exchange observed a moment of silence for President Gerald Ford, who died Tuesday night at age 93.

The Dow Jones industrial average, Nasdaq composite and S&P 500 index all jumped posted modest gains in the early going. The NYSE delayed the start of trading by two minutes in honor of Ford.

In corporate news, Apple stock (Charts) tumbled more than 5 percent in early trade after The Recorder, an online publication of legal news Web site Law.com, reported stock option documents at the company were apparently falsified by company officials.

Also, the chairman of Toyota met with the chief executive of Ford but Japan's top automaker said they did not discuss the possibility of forming any alliance.

The Nasdaq will observe a moment of silence at 11 a.m. ET for Ford, who was the oldest surviving ex-U.S. president and the only president and vice president who was never elected to office.

Oil prices fell 22 cents to $60.88 a barrel.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .