Â
Sponsored by
NATIONAL NEWS
Stocks open mixed on Wall Street; Apple plunges
Posted: Jan 24, 2013 6:43 AM by ASSOCIATED PRESS
NEW YORK (AP) - A sharp drop in Apple's stock is sending the Nasdaq composite lower in early trading on Wall Street after the electronics giant predicted slower sales. Other market indicators were mixed.
Apple plunged 11 percent to $455 shortly after the opening bell Thursday. The company late Wednesday predicted that its sales would grow just 7 percent in the current quarter, a let-down for a company that has regularly posted growth rates of more than 50 percent.
The Nasdaq fell 20 points to 3,133. Apple is the biggest component of the technology-heavy index.
The Dow Jones industrial average rose 32 points to 13,809 and the Standard & Poor's 500 was flat at 1,495.
Netflix jumped 40 percent to $144 after surprising the market with strong subscriber growth and a profit.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.com is social!
KSBY.COM VIDEOS
-
Military widow finds another woman's name engraved on her husband's tombstone
Views: 268 June 18, 2013 -
Mother taken into custody after driving under the influence with her son in the car
Views: 43 June 18, 2013 -
Middle schoolers get opportunity to play paintball with local law enforcement
Views: 12 June 16, 2013
Comments