Current location:sport >>
U.S. stocks tick down as Apple drags tech sector lower
sport45216People have gathered around
Introduction U.S. stocks ended lower on Tuesday, as a decline in Apple shares dragged the tech sector lower.The ...
U.S. stocks ended lower on Tuesday, as a decline in Apple shares dragged the tech sector lower.
The Dow Jones Industrial Average decreased 37.45 points, or 0.15 percent, to 24,754.75. The S&P 500 lost 8.69 points, or 0.32 percent, to 2,681.47. The Nasdaq Composite Index was down 30.91 points, or 0.44 percent, to 6,963.85.
Shares of Apple fell more than one percent on Tuesday, after Nomura Instinet downgraded the tech giant's stock from buy to neutral.
Meanwhile, Wall Street also eagerly awaited a vote on tax reform. House and Senate Republicans are planning to pass a package this week, with major elements including lower corporate and top individual tax rates.
Media reported House members Tuesday voted to pass the tax bill, which would cut the federal corporate tax rate to 21 percent from 35 percent.
U.S. equities have posted solid gains and notched record highs several times since the Election Day, partially boosted by expectations of lower corporate taxes.
The three major indices notched record closes on Monday.
"All this as optimism piles upon optimism. Like the proposed tax plan or not, there is no denying that what appears before us is incredibly friendly toward business, and that changing environment is not lost on the investing public," said Stephen Guilfoyle, president of Sarge986 LLC, on Tuesday.
On the economic front, U.S. privately-owned housing starts in November were at a seasonally adjusted annual rate of 1.297 million units, the Commerce Department reported Tuesday.
This is 3.3 percent above the revised October estimate of 1.256 million and 12.9 percent above the November 2016 rate of 1.149 million.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earth Encounters news portal”。http://cyprus.carpetcleaningepping.com/article-34d599932.html
Related articles
Jon Wysocki dead at 53: Staind drummer passes away
sportThe music world is in mourning this Sunday, with word that original Staind drummer Jon Wysocki passi ...
【sport】
Read moreAP Week in Pictures: Global
sportMay 10-16, 2024People took part in the Piu Sik Parade at the Bun Festival in Hong Kong, Republican p ...
【sport】
Read moreAngels acquire right
sportANAHEIM, Calif. (AP) — The Los Angeles Angels acquired right-hander Roansy Contreras from the Pittsb ...
【sport】
Read more
Popular articles
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- FIFA to seek legal advice on a Palestinian proposal to suspend Israel from international soccer
- The millennials taking over 'pensioner paradises': How 'Down From Londons' and under
- Venezuela's barred opposition candidate is now the fiery surrogate of her lesser
- Mohammad Mokhber: Who is Iran’s acting president?
- Meghan and Prince Harry 'are planning to do more royal
Latest articles
California congressman urges closer consultation with tribes on offshore wind
Brussels warns it WON'T let The Netherlands opt out of EU rules and bring in its 'strictest
The real cost of your night out: From a £4.60 Diet Coke to £8.80
Oregon man convicted of sexually abusing 2 teen girls he met online gets 12 1/2 years in prison
Candice Swanepoel stuns in a form
Barcelona closer to securing second place in Spanish league after 2
LINKS
- Temperatures plunge to historic lows as severe cold fronts impact most of China
- China trains high
- Basketball games boost rural development, foster sports culture
- Chinese engineers install cutting
- Guideline unveiled to make public use of autonomous driving vehicles safer
- Prince Andrew breaks cover as he goes for a horse ride in Windsor
- China to further enhance medical treatment for critical pregnant women
- Maine is latest state to approve interstate compact for social worker licenses
- Emergency authorities discourage ‘one
- Dog owners to shoulder all responsibility if banned large dog injures someone: top court