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Stocks See Mixed Results Despite Apple Surge

Dow ends day down 81
By Newser Editors and Wire Services
Posted Aug 1, 2018 3:00 PM CDT
Stocks See Mixed Results Despite Apple Surge
Trader John Panin works on the floor of the New York Stock Exchange, Monday, July 30, 2018.   (AP Photo/Richard Drew)

(Newser) – Stock indexes closed broadly lower on Wall Street even as a surge in Apple's stock moved the company closer to being worth $1 trillion, the AP reports. Apple jumped 5.9% Wednesday, its biggest gain in a year and a half, after saying made more money from iPhone sales thanks to higher prices. Elsewhere, losses for energy and industrial companies left major indexes lower. Anadarko Petroleum sank 4.9% after reporting weak results. The S&P 500 index fell 2 point, or 0.1%, to 2,813. The Dow Jones Industrial Average lost 81 points, or 0.3%, to 25,333. The Nasdaq composite gained 35 points, or 0.5%, to 7,707. More stocks fell than rose on the New York Stock Exchange. (Read more stock market stories.)

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