Starbucks 'races' to new high; crude slides again; can Apple make you cut the cord?

The Dow (^DJI) and S&P (^GSPC) are both down today as traders continue to digest yesterday’s Fed news and a continued slide in crude. The tech-heavy Nasdaq (^IXIC) is bucking the trend and is once again within striking distance from 5,000…again.

Here are the other stories Yahoo Finance is keeping an eye on today:

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Apple officially joins the Dow

The number we see on the Dow today is being figured a little differently. That’s because this is the first day Apple (AAPL) is a member of the venerable index. The company’s stock split last year paved the way for the move, ousting AT&T (T) from the venerable index.

Starbucks leaps to new highs
Meantime speaking of stock splits, a 2-for-1 split announced last night is helping send Starbucks (SBUX) shares to all-time highs today.  The stock has basically quadrupled in the past 5 years. The most recent move comes despite controversy over the company’s new “Race Together” campaign.

Cutting the cord…is it worth it?
And finally, cutting the TV cord might not be as money-saving as you may think.  This week, Sony (SNE) is unveiling its Playstation Vue streaming service at about $ 50 dollars a month. Apple also apparently wants to join the field, looking to offer a so-called “skinny” TV bundle for $ 30 dollars a month.

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