You are here: Home » International » News » Markets
Business Standard

Wall Street drifts lower on last trading day of 2017

Apple declined 0.8% after issuing a rare apology for slowing older iPhones with flagging batteries

Reuters 

A slide in Apple and Goldman Sachs' shares pulled Wall Street lower on the last trading day of 2017, in what has been a banner year for US stocks. Apple declined 0.8 per cent after issuing a rare apology for slowing older iPhones with flagging batteries. Goldman Sachs fell 1.27 per cent after the bank said its fourth-quarter earnings would take a $5 billion hit related to the tax overhaul. "By all accounts we know 2017 has been a great year in the markets," said Arian Vojdani, investment strategist at MV Financial in Bethesda, Maryland. "The market is ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, December 29 2017. 23:02 IST
RECOMMENDED FOR YOU