Stocks Opened Lower; Apple in Focus

U.S. stocks opened lower on Tuesday as investors digested earnings beats and misses, but kept their attention firmly focused on Apple Inc. ’s hotly anticipated product event later in the day. The Dow Jones Industrial Average lately dropped 54.92 points, or 0.32%, to 17,056.50. The S&P 500 fell 4.77 points, or 0.24%, to 1,996.77. The Nasdaq Composite was down 10.25 points, or 0.22%, to 4,582.04.

Home Depot said the data theft could impact its customers in stores across the United States and Canada, but there was no evidence that online customers were affected or debit personal identification numbers (PINs) were compromised.

Trump Entertainment Resorts Inc. filed for bankruptcy again this week, a move that could put another Atlantic City casino in danger of closing at a time when revenue in that market has rapidly declined in recent years.

McDonald’s Corp reported a fall in sales at established restaurants across all regions in August, the fifth such monthly drop since CEO Don Thompson took the helm in July 2012.

Barnes & Noble Inc. said its fiscal first-quarter loss narrowed as cost reductions outpaced sales declines as the bookseller gears up for its eventual split. The company’s retail segment posted a 5.3% decrease in revenue to $954.8 million during the most recent quarter.

About the Author

has written 14551 stories on this site.

Copyright © 2012 Nine Stocks