Fifth Day of Losses for Stocks; Apple Breaks $600 Billion in Worth
(NEW YORK) — The markets continued to slide for a fifth day Tuesday. Europe’s economic crisis, the disappointing jobs report and the diminished prospect of help from the Federal Reserve have been weighing on the markets.
The Dow plunged 214 points, while the Nasdaq and S&P gave up 56 and 24 points, respectively.
Tuesday’s trading session turned out to be the Dow’s worst day since February. The Nasdaq and S&P both saw their biggest one-day drops in months.
It may be worth keeping in mind, though, that U.S. stock markets have been sharply higher in recent months, and are trading well above the financial crisis low of 6,547.05 in March 2009.
Meanwhile, Apple’s reached another market milestone. The tech giant’s market worth reached the $600 billion mark Tuesday. The only other company to do that is Microsoft, which crossed $600 billion in 1999 at the height of the tech bubble.
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