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The Closing Bell: Dow Rises Ahead Of Apple Earnings
FYI: The Dow Jones Industrial Average rose on Tuesday as Wall Street awaited the latest quarterly results from tech giant Apple.
The 30-stock index gained 51 points, or 0.21 percent. The S&P 500 slipped 0.15 percent while the Nasdaq Composite was down 0.81 percent.
Apple shares declined 0.1 percent ahead of the company's report, which is scheduled for release after the close. The report comes after the iPhone maker slashed its revenue guidance for the previous quarter earlier this month, citing weaker growth in China.
"We view the overall risk/reward on AAPL as neutral," KeyBanc Capital Markets analyst Andy Hargreaves wrote in a note last week. "While the Company's buyback and historically strong customer loyalty provide some measure of protection, we see little to cure the unit and pricing challenges faced in the iPhone segment."
Seven of the eleven S&P 500 Sectors, led by Industrials were in green figures. Regards, Ted
