Arab Today, arab today us stocks finish lower apple 32
Last Updated : GMT 05:45:46
Arab Today, arab today
Arab Today, arab today

US stocks finish lower, Apple -3.2%

Arab Today, arab today

Arab Today, arab today US stocks finish lower, Apple -3.2%

US stocks
New York - AFP

US stocks finished lower Tuesday following a mixed batch of earnings reports and another big decline by technology giant Apple.

The Dow Jones Industrial Average dropped 47.51 points (0.27 percent) to 17,550.69.

The broad-based S&P 500 fell 4.72 (0.22 percent) to 2,093.32, while the tech-rich Nasdaq Composite Index slid 9.84 (0.19 percent) to 5,105.55.

Apple fell 3.2 percent, leaving it down more than 12 percent since its July 21 earnings release. Analysts have cited fears of slowing growth, in part due to weakening conditions in China, a key Apple market.

Insurer Allstate fell 10.2 percent after a rise in payments for auto accidents dented second-quarter earnings, while handbag and accessories retailer Coach rose 3.2 percent after reporting better-than-expected results.

Biopharmaceutical company Baxalta jumped 11.9 percent on news that Dublin-based Shire offered to acquire the company for $30 billion. Shire fell 5.4 percent. Baxalta rejected the offer, saying it "significantly undervalues" the company.

Netflix shot up 7.7 percent as it confirmed it will launch its streaming television service in Japan on September 2.

Priceline and Tesla Motors gained 3.5 percent and 2.4 percent, respectively, ahead of earnings releases Wednesday.

Chinese online marketplace Alibaba rose 1.1 percent on news that it appointed a senior Goldman Sachs banker, Michael Evans, as president, with an emphasis on globalizing the company.

American Express fell 0.3 percent after a US judge threw out a proposed class-action settlement with merchants on litigation over AmEx swiping fee restrictions. AmEx said it was disappointed with the decision.

CVS Health slid 2.5 percent after projecting earnings in the current quarter of $1.27-$1.30 per share, below the $1.37 forecast by Wall Street analysts.

American International Group shed 2.8 percent as net income for the second quarter rose 5.4 percent to $1.9 billion. The insurer also hiked its dividend and authorized up to $5 billion in new share repurchases, moves that BMO Capital Markets said were intended to compensate for a weak underwriting performance in some businesses.

Bond prices fell. The yield on the 10-year US Treasury rose to 2.23 percent from 2.15 percent Monday, while the 30-year advanced to 2.90 percent from 2.86 percent. Bond prices and yields move inversely.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks finish lower apple 32 Arab Today, arab today us stocks finish lower apple 32

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks finish lower apple 32 Arab Today, arab today us stocks finish lower apple 32

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday