por admin » Mié Ene 24, 2018 1:21 pm
AAPL lidera la caída
Dow drops 100 points as stocks fall from records, tech rolls over
Fred Imbert | @foimbert
Published 3 Hours Ago Updated Moments Ago
CNBC.com
Tech fell 0.8 percent and was the worst-performing S&P 500 sector.
The Dow, S&P 500 and Nasdaq hit all-time highs earlier in the session.
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Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE).
U.S. equities fell on Wednesday after reaching all-time highs as tech stocks declined.
The Dow Jones industrial average traded 60 points lower, giving up a gain of 182 points. The S&P 500 declined 0.4 percent as tech declined 0.8 percent. Tech had traded higher earlier in the session. The Nasdaq composite dropped 1 percent.
Tech stocks were led lower by Apple, which fell 1.9 percent after Bernstein analyst Toni Sacconaghi predicted iPhone sales could be weak this spring. Shares of Facebook, Amazon and Alphabet also traded lower.
Equities have kicked off 2018 with strong gains. The major indexes are up at least 6 percent year to date as strong earnings and a lower corporate tax rate help maintain optimism in the economy.
But Jeff Kilburg, CEO of KKM Financial, said "the air is getting pretty thin up here," adding: "This has truly been an extraordinary rally."
Traders work on the floor of the New York Stock Exchange (NYSE) in New York.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York.
The major indexes hit all-time highs earlier in the session as investors cheered better-than-expected quarterly earnings.
Abbott Laboratories, United Technologies, Baker Hughes and NBCUniversal-parent Comcast all reported earnings and revenue that beat analyst expectations.
"We've got a pretty good earnings season under way," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. "It's early but the percentage of beats we've seen thus far is pretty good."
Of the S&P 500 companies that had reported as of Tuesday morning, 77 percent have beaten earnings estimates, while 80 percent have topped revenue expectations, according to FactSet.
Investors also paid attention to the U.S. dollar, which hit fresh 2014 lows on Wednesday. The dollar index, which tracks the greenback's performance against six major currencies, fell 0.7 percent to 89.50 on Wednesday.
Peter Cardillo, chief market economist at First Standard Financial, said the lower dollar "has commodity prices going through the roof."
The dollar has fallen nearly 3 percent this year, while crude and gold are up 7.1 percent and 3.3 percent, respectively.