Stocks See Mixed Results Despite Apple Surge

Dow ends day down 81
By Newser Editors and Wire Services
Posted Aug 1, 2018 3:00 PM CDT
Stocks See Mixed Results Despite Apple Surge
Trader John Panin works on the floor of the New York Stock Exchange, Monday, July 30, 2018.   (AP Photo/Richard Drew)

Stock indexes closed broadly lower on Wall Street even as a surge in Apple's stock moved the company closer to being worth $1 trillion, the AP reports. Apple jumped 5.9% Wednesday, its biggest gain in a year and a half, after saying made more money from iPhone sales thanks to higher prices. Elsewhere, losses for energy and industrial companies left major indexes lower. Anadarko Petroleum sank 4.9% after reporting weak results. The S&P 500 index fell 2 point, or 0.1%, to 2,813. The Dow Jones Industrial Average lost 81 points, or 0.3%, to 25,333. The Nasdaq composite gained 35 points, or 0.5%, to 7,707. More stocks fell than rose on the New York Stock Exchange. (More stock market stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.