Nasdaq falls as Apple and Netflix lead tech shares lower [CNBC]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: CNBC
show chapters A drop in tech shares pushed the Nasdaq Composite lower on Monday as Wall Street tried to regain its footing after last week's sharp losses. The tech-heavy index fell half a percent as Apple and Netflix pulled back more than 1 percent each. Netflix fell after Raymond James slashed its price target on the video-streaming giant. Apple dropped after Goldman Sachs said the tech giant's earnings could fall short this year as demand in China slows . Amazon, Microsoft and Alphabet also traded lower. The S&P 500 dipped 0.1 percent as tech lagged while the Dow Jones Industrial Average rose 21 points as it alternated between gains and losses. The major indexes registered their worst weekly losses since March last week as interest rates jumped to multiyear highs. The 10-year Treasury note yield rose to 3.261 percent last week before trading around 3.16 percent on Monday. Investors fretted that a sharp rise in yields would lead to
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