MARKET PULSE-Apple, Bank of America, Caterpillar, Acura, Badger Meter
April 17 (Reuters) - Some U.S. stocks on the move on Wednesday:
WALL ST DOWN MORE THAN 1 PCT IN BROAD SELLOFF
Stocks extended losses with the top equity indexes down more than 1 percent after a batch of disappointing earnings reports and another drop in commodity prices. The Dow Jones industrial average fell 148.6 points, or 1.01 percent, to 14,608.18, the S&P 500 lost 22.09 points, or 1.4 percent, to 1,552.48 and the Nasdaq Composite dropped 57.61 points, or 1.76 percent, to 3,207.02.
** CIRRUS LOGIC INC, $19.01, down 11 pct (1022 ET)
** APPLE INC, $405.90, down 5 pct (1030 ET)
The audio chip maker estimated fourth-quarter revenue below analysts' estimates, saying it will record a charge related to an inventory pile up. Its first-quarter revenue forecast also fell short of Wall Street expectations. Cirrus has long followed the fortunes of Apple, from which it gets nearly all its revenue, and some analysts speculated on Wednesday that the weak forecast suggested lacklustre iPhone 5 sales. Continued...