ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » World News

Wall Street weighed down as Apple fails to impress

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Wall Street weighed down as Apple fails to impress
Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt. Image Source: Reuters

Apple weighed on US stocks on Thursday, a day after the tech giant unveiled the new iPhone 7 that failed to impress Wall Street.

Apple fell 2.3% to $105.82, its steepest decline since June 24 when Britain's vote to leave the European Union (EU) unleashed a massive selloff.

The world's most valuable public company also said it would not release first-weekend sales of the new iPhone, limiting analysts' early visibility into the popularity of the product.

The S&P 500 information technology index fell 0.85% and was the biggest loser among the benchmar's 10 major sectors.

Crude prices rose 3.65% after inventory data showed a surprisingly large drawdown in crude stocks. While the report powered the S&P energy index to trade at a more than 10-month high, it did little to limit losses on the broader US indexes.

US stocks have been trading in a tight range in recent months, even as they hover near record levels, due to growing uncertainty over interest rates.

The S&P 500 index has not moved more than 1% in either direction on a daily basis since July 8.

At 12:27 pm ET (1627 GMT), the Dow Jones Industrial Average was down 37.57 points, or 0.2%, at 18,488.57.

The S&P 500 was down 3.87 points, or 0.18%, at 2,182.29.

The Nasdaq Composite was down 20.66 points, or 0.39%, at 5,263.27, on track for its first decline in five days.

Seven of the 10 major S&P 500 indexes were lower, while healthcare and financials eked small gains.

Tractor Supply was the biggest percentage loser on the S&P, falling 16.4% after the home improvement and pet care products retailer lowered its full-year forecast.

Nike fell 2.1% after Piper Jaffray downgraded the shoemaker's stock to "neutral".

Declining issues outnumbered advancing ones on the NYSE by 1,555 to 1,308. On the Nasdaq, 1,371 issues fell and 1,339 advanced.

The S&P 500 index showed 11 new 52-week highs and two new lows, while the Nasdaq recorded 79 new highs and 16 new lows. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Wall StreetMarketsAppleS&P 500Dow Jones Industrial AverageNasdaq CompositeNikeiPhone 7European Union
Written By: Reuters
Updated: Thu, Sep 08, 2016
10:51 pm
Reuters
RELATED NEWS
Apple launches new iPhone 7, keeps price unchanged Apple launches new iPhone 7, keeps price unchanged
Apple iPhone 7, iPhone 7 Plus already on their way for shipments Apple iPhone 7, iPhone 7 Plus already on their way for shipments

LATEST NEWS

Nvidia joins elite $1 trillion valuation club thanks to AI boom

Torrent Pharma Q4 results: Profit at Rs 287 crore, board announces 160% dividend

SBI Card plans to raise Rs 3,000 cr from debentures

Go First cancels all flights till June 4 citing operational reasons

India to host SCO Summit virtually on July 4

AstraZeneca Pharma India Q4 profit falls 34%; board recommends Rs 16/share dividend

RBI to expand CBDC pilot, includes more banks, locations

Rupee falls 4 paise to 82.67 against US dollar

Mazagon Dock dividend: Board announces Rs 6.86/share payout

HDFC Bank unveils new fixed deposit rates for customers today: Check details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV