The Dow Jones Industrial Average on Monday was trading in record territory, despite the drag produced by the world’s largest company by market value. Apple Inc.’s shares were down 0.9%, or $1.20, in afternoon trade, shaving about 10 points from the Dow , and serving as the worst performer among the blue-chip index’s 30 components. Apple’s share also were pressuring the Nasdaq Composite Index , which was dipping in and out of positive territory after showing firmer gains in early trade Monday. The S&P 500 index also was in the green but the tech sector, as measured by the popular exchange-traded Technology Select Sector SPDR ETF , was weighing on the broad-market benchmark. The S&P 500 was up 0.2% at 2,524, but the tech sector was down 0.1%. Market participants didn’t point to a clear reason behind Apple’s relative under-performance.
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From:: Stock Market News