losses; S&P and Dow -0.2% , Nasdaq -0.3% . Apple -1.6% premarket on heavy volume, which will pressure the tech sector and the Nasdaq. Stocks remained lower after producer prices remained unchanged in August, indicating continued low inflation
NEW YORK (Reuters) - U.S. stocks closed mixed on Monday as the tech sector dragged the Nasdaq to its worst day since July and kept the S&P 500 near the unchanged mark as investors cleared the decks for Alibaba's debut planned for later this week.
NEW YORK, Sept 15 (Reuters) - The Dow Industrials were edging higher while both the S&P 500 and Nasdaq were losing ground, as investors exercised caution ahead of the U.S. Federal Reserve's policy statement and prepared for Alibaba's initial public offering later in the week.
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economy. Shares rose early, following gains in Europe and Asia, but pulled back near midday as tech stocks weighed; the tech sector fell 0.8%, with Apple falling 4.2% as Pacific Crest suggests taking profits one week ahead of the expected unveiling
stocks are the cheapest valued ones in terms of forward P/E, but the highest growth is predicted for the Services and Technology sector , both of which have the highest P/E ratios. Tech stocks have made many people rich, but if you recall the dot.com