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U.S. stocks end mixed amid falling Apple shares

Xinhua News,NEW YORK
2020-02-19 05:47

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NEW YORK,b. 18 (Xinhua) -- U.S. stocks ended mixed on Tuesday as the market was dragged by a dip in Apple shares.

The Dow Jones Industrial Average decreased 165.89 points, or 0.56 percent, to 29,232.19. The S&P 500 was down 9.87 points, or 0.29 percent, to 3,370.29. The Nasdaq Composite Index increased 1.57 points, or 0.02 percent, to 9,732.74.

Eight of the 11 primary S&P 500 sectors dropped, with financials and energy down 0.89 percent and 0.83 percent, respectively, leading the decliners. Utilities rallied 0.79 percent, the best-performing group.

Apple shares were under pressure after the iPhone maker issued a warning over its quarterly revenue. The stock closed down 1.83 percent on Tuesday.

On the data front, U.S. homebuilder confidence edged one point lower to 74 in February, according to a report by the National Association of Home Builders on Tuesday.

U.S. markets were closed Monday due to the Presidents' Day holiday.

In the week ending Feb. 14, U.S. equities posted solid gains as investors digested the latest economic data and corporate earnings reports.
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