Dow Closes Higher As Apple Slide Drags S&P 500, Nasdaq Lower

By Wallace WitkowskiMarketsMarketWatch Pulse

The Dow industrials closed higher Wednesday even as a slide in Apple Inc. shares led the S&P 500 and Nasdaq to finish lower. The Dow Jones Industrial Average rose 30.06 points, or 0.2%, to close at 18,199.33, boosted by a big 4.7% gain in Boeing Co. shares but capped by a 2.2% slide in Apple shares. The S&P 500 Index closed down 3.73 points, or 0.2%, at 2,139.43, as the real estate, health care and telecom sectors weighed on the index. The Nasdaq Composite index fell 33.13 points, or 0.6%, to close at 5,250.27. Apple shares sank as quarterly revenue missed Wall Street estimates late Tuesday and projections were not as bullish as expected.

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