Monday, 23 September 2013

INQUIRER.net: US stocks sink despite Apple’s jump on iPhone sales

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US stocks sink despite Apple's jump on iPhone sales
Sep 24th 2013, 00:08

NEW YORK CITY—US stocks closed firmly in the red Monday, extending Friday's losses, amid uncertainty about the Federal Reserve's stimulus taper plans.   A big bounce by heavyweight Apple on news of record sales of its new iPhone models was not enough to push the Nasdaq higher.   The Dow Jones Industrial Average dropped 49.71 points (0.32 percent) to finish at 15,401.38.   The broad-market S&P 500 index fell 8.07 (0.47 percent) to 1,701.84, while the Nasdaq Composite lost 9.44 (0.25 percent) at 3,765.29.   Comments by New York Fed President William Dudley and two other top Fed officials on Monday created a bit more uncertainty about th...

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