Stocks Fall on Rising Yields and Oil, With Apple the Lone Bright Spot
Apple jumped 3% on its first day under a new CEO, and the market fell anyway. When a rising trillion-dollar stock can't lift the indexes, look at the bond market.
Overview
On the first trading day of September, Apple (NASDAQ: AAPL) jumped 3% and the major indexes fell anyway. This morning's market action was driven more by macroeconomics than by specific stocks.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) index is down 0.56% as of noon ET. The Dow Jones Industrial Average (DJINDICES: ^DJI) has slipped 0.39%, and the S&P 500 (SNPINDEX: ^GSPC) is off by 0.35%. Twenty of the Dow's 30 components are lower right now.
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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.