10 months ago
GLOBAL MARKETS-Apple weighs on equities, dollar up before Fed decision
World stock markets fell on Wednesday as declines in iPhone sales brought about some concern about consumer strength, while the dollar edged higher before a U.S. central bank statement that may hint towards a rate hike next month. Apple Inc lost 0.9 percent as the biggest drag on the S&P 500 after it reported a surprise fall in iPhone sales in its fiscal second quarter on Tuesday. "Think about the mixed message you had in the first quarter – GDP light, monthly auto sales light, iPhone sales light, so you’ve got extraneous negative data," said Art Hogan, chief market strategist at Wunderlich Securities in New York.