Stocks are headed for a mixed finish in trading today, with the S&P 500 and Dow Jones in green in late trading. While the S&P 500 and Dow Jones have edged higher today, a sharp decline in Apple Inc. (NASDAQ: AAPL) has dragged the tech heavy Nasdaq lower in trading today.
At last check, the Dow Jones was trading 0.42% higher at 13,836.63, the S&P 500 was trading 0.11% higher at 1,496.43, and the Nasdaq was trading 0.62% lower at 3,133.85.
Consumer Cyclical sector, which fell sharply on Wednesday, has been the best performer in the S&P 500 in trading today. At last check, the sector was trading 1.27% higher. Transportation sector has also risen sharply today. At last check, the sector was trading 1.20% higher. Technology has been the worst performer today, down 1.81% currently.
The Tech sector has been dragged lower by Apple. Shares of the Cupertino, California-based technology giant have tumbled in trading today after it reported disappointing quarterly results and gave a weak outlook. Apple shares fell to an intra-day low of $450.36, and at last check, the stock was trading 12.34% lower at $450.59.
Other major movers in late trading today include Netflix Inc. (NASDAQ: NFLX), which is currently trading 42.26% higher at $146.90, 3M Co. (NYSE: MMM), which is currently trading 0.16% higher at $99.65, Cirrus Logic Inc. (NASDAQ: CRUS), which is currently trading 11.32% lower at $26.56, and Microsoft Corporation (NASDAQ: MSFT), which is currently trading 0.14% higher at $27.62.
European markets ended mostly higher earlier in the day, with the EURO STOXX 50 Index closing 0.54% higher. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 1.28% higher, and the Hang Seng Index in Hong Kong closing 0.15% lower.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.