Dow Slides Triple Digits; Investors Fret About Apple

DJIA falls 177
By Newser Editors and Wire Services
Posted Jan 29, 2018 3:19 PM CST
Ronald Madarasz works on the floor of the New York Stock Exchange, Monday, Jan. 29, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks ended broadly lower on Wall Street Monday, led by declines in technology companies. The Dow Jones industrial average slid 177 points, or 0.7%, to 26,439, while the Nasdaq composite lost 39 points, or 0.5%, to 7,466, and the Standard & Poor's 500 index fell 19 points, or 0.7%, to 2,853. Apple slid 2% as investors continued to worry that its new iPhone hasn't been that big of a hit with customers, per the AP. Industrials companies also posted big losses, and energy stocks declined as crude oil prices headed lower. Also Monday, Dr. Pepper Snapple soared 22% after agreeing to be acquired by Keurig.

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