Stocks Tumble as Apple Drags Tech Sector Lower - NBC Connecticut
National & International News
The day’s top national and international news

Stocks Tumble as Apple Drags Tech Sector Lower

Apple shares fell 4.1 percent after Morgan Stanley said the company's iPhone sales for the June quarter will disappoint Wall Street

    processing...

    NEWSLETTERS

    How Doctors are Shining New Light on Skin Cancer Diagnoses
    Spencer Platt/Getty Images, File
    People walk outside of the New York Stock Exchange on April 2, 2018.

    Stocks dropped on Friday as a decline in Apple pushed the technology sector lower. A rise in interest rates also kept a lid on equities, CNBC reported.

    The Dow Jones industrial average fell 201.95 points, or 0.8 percent, to 24,462.94 as Apple as the worst-performing stock in the index. The Nasdaq composite declined 1.3 percent to close at 7,146.13.

    The S&P 500 pulled back 0.8 percent to 2,670.14, with tech sliding 1.5 percent. The index also broke below its 50-day moving average, a key technical indicator.

    Apple shares fell 4.1 percent after Morgan Stanley said the company's iPhone sales for the June quarter will disappoint Wall Street.

    WH: Cannot Guarantee Trump Didn't Use N-Word

    [NATL] WH Defends Trump's 'Dog' Comment, Says They Cannot Guarantee Trump Didn't Use N-Word

    The White House defended President Donald Trump calling former protégée Omarosa Manigault-Newman a "dog" in a Tuesday press conference. Press secretary Sarah Huckabee Sanders also could not guarantee that Trump has never used the N-word on record, but doubled down in his defense. 

    (Published Tuesday, Aug. 14, 2018)