Stocks fall, led by tech, as Wall Street fails to bounce back from last week's rout [CNBC]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: CNBC
show chapters A decline in tech shares pushed the major indexes lower on Monday as Wall Street tried to regain its footing after last week's sharp losses. The S&P 500 dipped 0.6 percent as the tech sector fell more than 1.5 percent. The tech-heavy Nasdaq Composite dropped 0.9 percent. The Dow Jones Industrial Average closed 89 points lower. Apple and Netflix pulled back more than 1.8 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. Chipmarkers also fell. The VanEck Vectors Semiconductor ETF (SMH) declined 1.1 percent, led by a 4.5 percent decline in Nvidia. The major averages gyrated between positive and negative territory throughout the session. At its high of the day, the Dow rose as much as 142.43 points; it also
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