After a tug of war between the bulls and bears all day, the bulls eked out some gains.
The Dow closed up almost 8 points. The S&P snapped a 4-day losing streak, closing up 3 points. The nasdaq couldn't manage it, shedding 12 points.
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And it's all because of Apple (NASDAQ:AAPL)! Credit Suisse (NYSE:CS) says demand for Apple's iPhone 6S is weakening, leading to cuts in orders for various chips and components. Apple fell 3% Tuesday.
While Apple got bruised, fast food giant McDonald's (NYSE:MCD) hit a new lifetime high after raising its dividend and reiterating it expects positive same-store sales in the fourth quarter. McDonald's closed higher by one-quarter of 1%.
On the coattails of what could be the world's biggest beer deal, Molson Coors (NYSE:TAP) is nearing a deal to buy the remaining MillerCoors stake from SABMiller. Molson Coors would pay over $10 billion for the remaining 58% stake in the joint venture. The deal would be conditioned upon Anheuser-Busch Inbev's (NYSE:BUD) takeover of SABMiller. Molson Coors ended the day up 1%.
The clothes just don't seem to fit Gap (NYSE:GPS) quite right these days. The retailing giant is suffering from continued declining sales, particularly at Banana Republic. Gap warned investors about weaker-than-expected results for its recently completed quarter. Shares were down one- and-a-half percent Tuesday.
Chipotle (NYSE:CMG) lovers rejoice. Shuttered restaurants are finally returning to business. The burrito chain announced it will reopen 43 stores across Oregon and Washington that have been closed due to an E. coli outbreak. Those locations were set to open Wednesday. Chipotle closed higher by 3%.