Wall Street Slips on Tech Sector Weakness
- 6 years ago
Wall Street Slips on Tech Sector Weakness
NEW YORK — U. S. stocks declined on Tuesday as Apple
and shares of its parts suppliers weakened on a report of soft iPhone X demand, which pulled technology shares lower.
Ken Polcari said that There is news in Apple today so it is causing some kind of angst
in certainly Apple, maybe some Apple suppliers and maybe some tech in general,
The report, along with some recent brokerage calls on tepid iPhone X demand, made Apple
shares sink 2.5 percent, their worst single-day percentage fall since Aug. 10.
The S&P technology index fell 0.70 percent, the worst performer among the 11 major S&P 500 sectors.
NEW YORK — U. S. stocks declined on Tuesday as Apple
and shares of its parts suppliers weakened on a report of soft iPhone X demand, which pulled technology shares lower.
Ken Polcari said that There is news in Apple today so it is causing some kind of angst
in certainly Apple, maybe some Apple suppliers and maybe some tech in general,
The report, along with some recent brokerage calls on tepid iPhone X demand, made Apple
shares sink 2.5 percent, their worst single-day percentage fall since Aug. 10.
The S&P technology index fell 0.70 percent, the worst performer among the 11 major S&P 500 sectors.