Tuesday, 30 August 2016

Wall Street weighed by Apple but banks shine on

Wall Street
Apple Inc was the largest weight on US stock indexes on Tuesday after antitrust regulators ordered the company to pay about USD 14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline.

The Dow Jones industrial average fell 48.69 points, or 0.26 percent, to 18,454.3, the S&P 500 lost 4.26 points, or 0.2 percent, to 2,176.12 and the Nasdaq Composite dropped 9.34 points, or 0.18 percent, to 5,222.99.

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