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


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...

Wake up with today's top stories.

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