After The Bell: Stocks Close Down As Apple Pushes Tech Lower
(CBS) -- Stocks closed lower on Wednesday as disappointing tech earnings, including Apple results, weighed on equity markets. The Dow Jones industrial average lost 68, the S&P 500 dropped 5 and the NASDAQ shed 36 points, settling to 5,171.
"Apple was the driver of the day for the tech sector. The market simply didn't think Apple lived up to expectations, but we feel the company's results weren't bad and the tech giant is firing on all cylinders with a lot to look forward to," says Tim Ghriskey, Chief Investment Officer at Solaris Asset Management, adding that today's drop in Apple's share price presents a buying opportunity for investors.
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