Stocks Headed for a Mixed Finish
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.