Apple's Foldable iPhone Saves the S&P 500 From a Chip-Fueled Rout
A weak jobs report met a strong Apple rally on Thursday. Here's why the major indexes couldn't agree on a direction.
Overview
Wall Street was torn between opposite catalysts on Thursday morning.
The Dow Jones Industrial Average (DJINDICES: ^DJI) climbed 0.7% by 12:11 p.m. ET. The S&P 500 (SNPINDEX: ^GSPC) dropped 0.2% at the same time, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.8%.
Details
The culprit behind the confusion: Apple (NASDAQ: AAPL) is going one way while nearly everything else in tech is going the other.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.