Wednesday, August 2, 2017

Apple takes Dow over 22,000 points; other stocks are mixed

NEW YORK — A big gain from Apple Wednesday morning sent the Dow Jones industrial average above 22,000 for the first time. Most other industries were trading lower, with health care and household goods companies slipping. Movie theater companies plunged after AMC Entertainment gave a weak forecast and said it will cut costs.

KEEPING SCORE: The Dow, which tracks 30 big-name U.S. companies, climbed 29 points, or 0.1 percent, to 21,992 as of 10:42 a.m. Eastern time. It traded above 22,000 points earlier.

The Standard & Poor's 500 index, a much broader market measure used by most professional investors, fell 6 points, or 0.3 percent, to 2,469. The Nasdaq composite lost 27 points, or 0.4 percent, to 6,336. The Russell 2000 index of smaller-company stocks shed 15 points, or 1.1 percent, to 1,412.

Two stocks fell for every one that rose on the New York Stock Exchange.. . . more

No comments: