Apple shares drag down the S&P 500 index

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S. stocks inched lower on Monday, as S&P 500 index dropped from its five-year high after shares of Apple Inc. tumbled on rising concerns about the iPhone sales. The most valuable company slipped 3.6% to $501.75, the first time in 11 months, as report showed Apple curbed iPhone production amid weak demand for iPhone5. The S&P 500 declined 0.1% to 1,470.68, yet trimming nearly 0.4% decrease on Dell's rally. Six out of ten sectors increased with the shares of consumer goods and industrials posting the biggest gains in the gauge, up 0.41% and 0.29%, respectively. Dell's stocks jumped 13% to $12.29, capping further losses in the technology sector that was 0.8% down. The personal-computer maker advanced, as the company has been in buyout talks with Silver Lake Management LLC and TPG Capital, private equity companies. Hewlett-Packard rose 4.9% to $16.95 after report showed HP shipped 26.6% of PCs worldwide, remaining the leader in PC sales in 2012. Meanwhile, Sprint Nextel Corp. shrank 3.9% after JPMorgan Chase &Co cut the wireless carrier's stock rating to neutral from overweight.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.