S&P 500, Nasdaq fall on Apple’s miss; Dow rises

File photo of people walking outside the Nasdaq Market site in New York's Times SquareNEW YORK (Reuters) – The S&P 500 fell for a fourth day and the Nasdaq dropped on Wednesday after a rare earnings stumble from Apple, while strong results from Boeing and Caterpillar lifted the Dow. Apple Inc , the most valuable U.S. company by market capitalization, reported sales late on Tuesday that fell short of Wall Street's expectations as the European economy sagged and consumers held off buying iPhones before a new version expected in the autumn. Shares fell 4.3 percent to $ 574.97. Without Apple's losses, the S&P would have ended higher. …



Business News Headlines – Yahoo! News