New York, NY (AP) - Stocks are closing lower after a rare earnings
miss by Apple pulled down technology stocks.
Indexes turned lower Wednesday afternoon on reports of an
impasse in talks to resolve Europe's debt crisis.
The Dow Jones industrial average fell 72 points, or 0.6 percent,
to close at 11,505.
The S&P 500 fell 16, or 1.3 percent, to 1,210.
The Nasdaq slid 53, or 2 percent, to 2,604.
Apple Inc. slumped 5.6 percent after the company's income and
sales fell short of analysts' forecasts. It was a rare miss for the
company, which had jumped 31 percent this year through Tuesday.
Two stocks fell for every one that rose on the New York Stock
Exchange. Trading volume was average at 4.4 billion.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.