Wall Street loses oomph but Apple crosses USD 800-billion mark
The S&P 500 fell on Tuesday after edging up to an intra-day record high for the second straight session, while Apple became the first US company to close with a market capitalization above USD 800 billion.
Apple rose 0.64 percent to end at USD 153.99, giving it a market valuation of USD 802.9 billion, a first for a US company. Investors are optimistic the Cupertino, California company will mark the 10th anniversary of the iPhone by launching a model with suped-up features.
The Dow Jones Industrial Average declined 0.17 percent to end at 20,975.78 points and the S&P 500 lost 0.10 percent to 2,396.92 points.
The Nasdaq Composite added 0.29 percent to close at a record high of 6,120.59, helped by Apple.
Declining issues outnumbered advancing ones on the NYSE by a 1.31-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.
The S&P 500 posted 42 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 120 new highs and 59 new lows.
About 6.7 billion shares changed hands on US exchanges, in line with the daily average over the last 20 sessions.
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