Wall Street opens lower after Apple results
NEW YORK (Reuters) - U.S. stocks opened lower on Thursday, a day after Apple Inc (AAPL.O) reported revenue that missed expectations, tanking the stock and weighing on technology shares.
As the most valuable U.S. company and a heavy weight in both the S&P 500 and Nasdaq 100, a decline in Apple shares has an outsized impact on the broader market. Apple dropped 10.5 percent to $459.84 in early trading.
The Dow Jones industrial average was up 21.73 points, or 0.16 percent, at 13,801.06. The Standard & Poor's 500 Index was down 2.16 points, or 0.14 percent, at 1,492.65. The Nasdaq Composite Index was down 24.98 points, or 0.79 percent, at 3,128.69.
(Reporting by Ryan Vlastelica; Editing by Bernadette Baum)
- Tweet this
- Share this
- Digg this
- Search widened as Malaysia air probe finds scant evidence of attack
- UPDATE 5-GM hires law firms it works with to probe recall response
- Malaysia air probe finds scant evidence of attack - sources
- Snowden: Proposed NSA reforms vindicate my data leaks |
- China deploys 10 satellites to help in search for Malaysia jet
MISSING MALAYSIAN PLANE
The so-far fruitless search for a missing Malaysian airliner entered its fourth day, as sources in Europe, the United States and Asia voiced growing scepticism that the flight lost 239 people on board was the target of an attack. Full Article