Dow, S&P 500 suffer worst one-day fall in five months as Apple drags
Wall Street pulled back from record highs on Monday, with the Dow and the S&P 500 indexes marking their biggest one-day percentage declines in about five months, weighed down by a slide in Apple shares. Shares of Apple fell 2.1 percent on news that the company will halve production of its $999 iPhone X smartphone. “The market’s responding to the question of what Apple’s earnings are going to look like, specifically what kind of guidance are they going to give on iPhone X sales,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
Source:: https://finance.yahoo.com/news/futures-lower-investors-brace-busy-week-124251984–finance.html
