Dow Slips on Rising Oil Prices as Apple Drops Ahead of iPhone Event
The Dow Jones fell on Wednesday driven lower by rising crude oil prices, while Apple shares pulled back ahead of the upcoming iPhone launch event.
Market context
Follow the story. See which markets it affects. Explore the context.
The Dow Jones fell on Wednesday driven lower by rising crude oil prices, while Apple shares pulled back ahead of the upcoming iPhone launch event.
The Dow Jones Industrial Average dropped on Wednesday as rising crude oil prices weighed on sentiment. Meanwhile, Apple shares declined ahead of the company's upcoming iPhone launch event.
US equity indexes and precious metals dropped after August nonfarm payrolls surged by 162,000, almost tripling estimates and raising September Fed rate hike odds to 58%. Apple sank 2.5% on reported f…
US equity indexes, gold, and silver fell sharply after August nonfarm payrolls surged by 162,000, almost tripling forecasts. The strong labor data lifted September Fed rate hike odds to 60%, pushing …
The Dow Jones gained 0.70% and the S&P 500 rose 0.50% on Friday. Financial giants Goldman Sachs and JPMorgan led the gains, while Apple and Nike dragged, falling over 1.5% and 2.2% respectively.
Apple shares dropped nearly 4% due to broad market rotation away from megacap tech stocks, not company-specific issues. Investors favored AI hardware beneficiaries and value sectors over Apple, refle…