BUZZ-U.S. STOCKS ON THE MOVE-Apple, Twitter, MannKind, General Steel
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U.S. stock indexes fell on Tuesday, dragged down by Apple, as Wall Street struggled to recover from Monday's bruising selloff triggered by weak Chinese data that heightened worries about the slowing global economy. The Dow Jones industrial average was down 0.41 percent at 17,078.2, the S&P 500 was down 0.16 percent at 2,009.35 and the Nasdaq Composite was down 0.37 percent at 4,885.023.
** APPLE INC, $102.9325, -2.29 pct
The company is expected to cut the production of its latest iPhone models by about 30 percent in the January-March quarter from its original plans, the Nikkei reported. (s.nikkei.com/1R9rxvj)
** SMITH & WESSON HOLDING CORP, $25.82, +10.91 pct
** STURM RUGER & CO INC, $65.87, +7.30 pct
Gun makers' shares soared after President Barack Obama unveiled gun control measures and Smith & Wesson released a more bullish financial outlook. Continued...