| Author | Message | ||
     Andhrajamesbond Kurra Bewarse Username: Andhrajamesbond Post Number: 2120 Registered: 03-2004 Posted From: 68.93.142.53 Rating: N/A |
Apple's stock drop exacts 30-point toll on Dow on report of iWatch connectivity issues BY MarketWatch — 11:24 AM ET 09/20/2017 Shares of Apple Inc. (AAPL), on Wednesday were weighing on the Dow Jones Industrial Average in early trade, capping gains in the benchmark after a negative report. Apple Inc. (AAPL) shares were sinking 2.7% Wednesday morning after the iPhone and iWatch maker reportedly admitted (http://www.marketwatch.com/story/apple-admits-issues-with-apple-watch-connectivi ty- stock-falls-2017-09-20) there are issues with connectivity of its latest Apple Watch Series 3. Shares of Apple (AAPL) were down $4.25, shaving more than 30 points from the price-weighted Dow . A $1 change in any of the Dow's components equates to a 6.89-point swing in the average. Overall, the Dow was trading at break-even levels at 22,371, as a 1.6%, or $4.15, move in Boeing Co.'s (BA) shares (BA) more than offset Apple's (AAPL) retreat. Investors were awaiting a key policy update from the Federal Reserve later at 2 p.m. Eastern. Meanwhile, the S&P 500 index seeing muted trade at 2,506, while the Nasdaq Composite Index trading lower, off 0.3%, at 6,442. |