BUZZ-U.S. STOCKS ON THE MOVE-Apple, Twitter, MannKind, General Steel

Tue Jan 5, 2016 1:09pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

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...