You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live



▼  1st Inning 0 outs


Apple slips 3.6%, holds back S&P 500

Continue reading below

The Dow rose slightly Monday, but Apple held down the S&P 500, pushing it further below the five-year high the index reached Thursday, following a solid start to the US corporate earnings season. Apple sank 3.6% on worries that demand for the iPhone 5 may be weaker than expected. The Wall Street Journal said Apple has cut its orders for iPhone 5 components. The stock has slumped 28% since closing at a record $702.10 in September. Earnings reporting will pick up this week, with many big banks posting results. ‘The market is definitely in wait-and-see mode,’ said Brian Gendreau, a market strategist at Cetera Financial Group.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of