Friends
When the most heavily weighted stock in the market indices sells off it is not a surprise that it pulls the rest of the market down with it. That is what we saw with Apple today. The shares of the consumer tech giant fell more than 4% at one point in today’s session. It is kind of amazing that we didn’t see a bigger dip in the averages.
By the close, the Dow Jones Industrial Average was down 198 points to finish the day at 34,443. The S&P 500 was down 31 points to close at 4,465. The Nasdaq Composite Index was down 148 points to close at 13,872. Gold was down $10 to trade at $1,941 per ounce, while oil was up $.98 to trade at $87.67 per barrel WTI.
This shortened trading week definitely has a negative vibe about it. As I said yesterday, let’s see if the bears can make something of it. Stay tuned.
Have a nice evening everyone.
