S&P 500 ends down; Apple dips ahead of quarterly report
SPY•The S&P 500 fell 0.51% to 7,541.40 on Monday, while the Nasdaq dropped 1.07% and the Dow rose 0.41%. Apple closed 1.5% lower before reporting results that beat expectations after the bell; its shares were close to flat afterward.
1. Stocks finish mixed
The S&P 500 ended down 0.51% at 7,541.40, and the Nasdaq fell 1.07% to 25,164.32. The Dow rose 0.41% to 51,983.98. Seven of the 11 S&P 500 sector indexes gained, while energy fell 4%.
2. Apple reports after close
Apple closed 1.5% lower ahead of its quarterly report. After the bell, the company reported results that beat expectations, driven by early demand for its iPhone 18 Pro lineup and price increases that helped offset rising memory-chip costs; its shares were close to flat after the report.
3. Investors weigh risks
Oil prices fell as Iran indicated it was open to peace talks, while investors watched for Tuesday’s US midterm elections. Oracle dropped almost 9% after filings showed plans to raise $20 billion through a debt and share sale. The Nasdaq had fallen 5.3% in October amid concerns about AI infrastructure spending.
