NEW YORK: Apple rages in AFTER TRADE ON RAPPROT, the S & P500 -0.4% – Dagens Industri

NEW YORK: Apple rages in AFTER TRADE ON RAPPROT, the S & amp; P500 -0.4%

                  2015-07-21 22:47
             

 STOCKHOLM (AFX) US stocks ended Tuesday's session in the red after companies like IBM and United Technologies delivered reports that are not market fell in the taste. After closing, reported great importance are Apple, Yahoo and Microsoft, which all fell after the trade.
  The Dow Jones Industrial Average closed 1.0 percent lower at 17,920 level. S & amp; P 500 fell 0.4 percent to 2,119 and the technology-heavy Nasdaq Composite fell 0.2 percent to 5,208.
  Sales amounted to 710 million shares on the New York Stock Exchange and 1.7 billion on the Nasdaq.
  "There are a couple of pretty big names that has delivered weak reports which contributes to a negative sentiment /.../ Many people look forward to Apple's report, to pull us out of this," said Michael Anotnelli, stock traders and Chairman of the Robert W. Baird & amp; Co., told Bloomberg News before Tuesday's stock market closing.
  United Technologies fell 7 percent after the technology conglomerate  in its quarterly report lowered full-year forecast for the 2015th
  IBM's shares were listed 6 percent lower after it-the company's sales declined for the thirteenth consecutive quarter.
  Verizon dropped 2.5 percent. The telephone company key capex forecast was maintained but the revenue expectations for the full year was adjusted downwards.
  Apple's report also failed to please investors, despite the fact that both sales and earnings were slightly better than market expectations. However, it was Apple does not sell as many iPhones as consensus had predicted. Shares fell nearly 7 percent after the trade.
  Yahoo recorded 1.9 percent down in efterhandlen after a result which did not meet market expectations.
  Microsoft backed also by trade, down 3.6 percent. The company reported admittedly a profit that beat estimates but also its largest quarterly net loss ever, weighed down by a 7.5 billion dollar writedown after the acquisition of Nokia's handset  unit is not able to save Microsoft's mobile business.
  The interest rate on ten-year US Treasury bond was 3 percent lower at 2.34 percent. 

Julia Hederstierna +46 8 5191 7911
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