Wall St. edges lower after recent rally as Apple lags

Traders pause during a moment of silence to honor victims of the 9/11 attacks on the World Trade Center, on the floor of the New York Stock ExchangeBy Chuck Mikolajczak NEW YORK (Reuters) – Stocks dipped on Wednesday, as a drop in shares of Apple Inc. threatened to put an end to a six-day run of gains for the S&P 500 and weighed heavily on the Nasdaq. Apple shares slumped 5.1 percent to $ 469.45, on track for its steepest drop since April, and was the biggest drag on both the S&P 500 and Nasdaq 100 indexes. Credit Suisse, UBS and Bank of America Merrill Lynch each lowered their rating on the stock to "neutral" after the company unveiled new iPhone models Tuesday. …

Business News Headlines – Yahoo! News

Short URL: http://globalnewsmagazine.com/?p=2454

Posted by on Sep 11 2013. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Comments are closed

Photo Gallery

Log in | Designed by Buy Websites

Disclaimer : All content including images in this site is copyright to their rightful owners. No copyright infringement is intended.