Epic Research

Friday, September 9, 2016

Apple weighs on Wall Street; energy shares a boost

Wall Street
Wall Street Market Update

US stocks dipped on Thursday, pulled lower by Apple after its latest iPhone failed to impress Wall Street, but gains in energy shares limited the decline.

The Nasdaq broke a four-day streak of gains, led by declines in Apple. The stock fell 2.6 percent to USD 105.52 in its biggest daily percentage decline since June 24, when Britain’s vote to leave the European Union unleashed a massive sell-off.

The Dow Jones industrial average fell 46.23 points, or 0.25 percent, to 18,479.91, the S&P 500 lost 4.86 points, or 0.22 percent, to 2,181.3 and the Nasdaq Composite dropped 24.44 points, or 0.46 percent, to 5,259.48.
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