Current location:Stellar Stream news portal > style
U.S. stocks tick down as Apple drags tech sector lower
Stellar Stream news portal2024-04-30 12:47:04【style】1People 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.
Address of this article:http://guernsey.camilleandconfettis.com/html-89d399822.html
Very good!(4)
Related articles
- Irish boxing champ Amy Broadhurst switches to Britain in Paris Olympics bid
- NFL draft has potential to set a record for most players on offense selected in the first round
- Leonardo DiCaprio tipped to play Frank Sinatra in new Martin Scorsese biopic
- One in THREE people will be struck down with 'silent killer' amid huge surge in condition
- Chinese, PNG FMs hold in
- Champions League rules leave teams chasing a moving target in the Bundesliga
- Vanderpump Rules' Lala Kent would rather make love with 'a cheese grater' than have sex with ex
- China warns against US
- Beijing improves services to facilitate film and television projects
- Bucks' Damian Lillard makes progress with his adductor issue before the start of the playoffs
Popular articles
- Algeria hosts 23rd 'Chinese Bridge' language competition for university students
- Belgian and Czech leaders exhort the EU to react amid concern over Russian election interference
- Tesla's Cybertruck disaster: Insider reveals 'serious safety issues' behind scenes of EV rollout
- Xinjiang's progress in the eyes of national legislators, political advisors
Recommended
Warning signs of a mini
Ethnic army intercepts junta offensive on Thai
Jennifer Lopez, 54, is a fresh
Sarah Paulson, 49, talks aging gracefully without Botox: 'I don't shoot anything into my face'
GOP lawmakers in Kansas are moving to override the veto of a ban on gender care for minors
Urgent warning over shortages of life
White House opposes potential stand
United Arab Emirates struggles to recover after heaviest recorded rainfall ever hits desert nation
Links
- WNBA franchises look to build and strengthen chemistry during camp in their hunt for championships
- Chinese orchestra group performs at Kenya's oldest university
- Claire Sweeney dazzles in a form
- Concert marks Chinese Language Day in Geneva
- Likely missile attack by Yemen's Houthi rebels targets a container ship in the Red Sea
- Charlotte Dawson puts on a VERY leggy display in a thigh
- Russian deputy defense minister detained on bribery charges
- Central African Republic FM to visit China
- Indonesian and Singaporean leaders hold annual talks, joined this year by their successors
- China's industrial profits up 4.3% in Q1