Wall Street edged lower in early afternoon trading on Monday as Apple weighed on all the three major indexes following a rating cut and ahead of its developer conference.
The iPhone maker's stock was down 1 percent at $153.88 after brokerage Pacific Crest downgraded it to "sector weight" from "overweight".
There is also a possibility that the company may take the unusual step of introducing a new product at the five-day conference, which kicks off on Monday.
Investors appeared to have shrugged off weekend attacks in London that came just days before Britain's general national election on Thursday.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
The iPhone maker's stock was down 1 percent at $153.88 after brokerage Pacific Crest downgraded it to "sector weight" from "overweight".
There is also a possibility that the company may take the unusual step of introducing a new product at the five-day conference, which kicks off on Monday.
Investors appeared to have shrugged off weekend attacks in London that came just days before Britain's general national election on Thursday.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
No comments:
Post a Comment