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(Flickr/Carrrrrlos) Apple is sliding on weak iPhone sales.
Stocks opened lower with the shares of key tech companies that posted mixed earnings results.
Near 9:33 a.m. ET, the Dow was down 33 points, the S&P 500 was down six points, and the Nasdaq was down 52 points.
Stocks closed lower on Tuesday, retreating from near-record highs. In after-hours trading, Dow futures fell more than 200 points and Nasdaq futures dropped more than 1%, or about 50 points.
Apple shares plunged 6% in early trading, even after the company reported a massive $49.6 billion in revenues on earnings of $10.7 billion, or $1.85 per share. Earnings topped analyst expectations, but iPhone sales were lower than expected.
Microsoft also beat forecasts on profits and revenues, but it saw its largest-ever net loss in the second quarter. Shares fell 2% in early trading.
This morning, Coca-Cola and Boeing reported earnings that beat expectations.
After a rebound on Tuesday, West Texas Intermediate crude oil slid overnight, and it's down 1.5%, approaching $50 per barrel in New York. Yesterday afternoon, the American Petroleum Institute reported that crude inventories rose by 2.3 million barrels last week, topping the forecast for 1.9 million.
At 10:30 a.m. ET, the Energy Information Administration will release its numbers.
The home price index from the Federal Housing Finance Agency rose 0.4%, in line with estimates. Existing home sales numbers are due at 10:00 a.m. More From Business Insider
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Dajin Resources Corp.
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CODE : DJI.V |
ISIN : CA2340671064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Dajin Res. is based in Canada. Dajin Res. holds various exploration projects in Canada. Its main exploration properties are ADDIE 1, ADDIE 2 and COWTRAIL in Canada. Dajin Res. is listed in Canada. Its market capitalisation is CA$ 103.0 millions as of today (US$ 82.4 millions, € 73.9 millions). Its stock quote reached its lowest recent point on May 15, 2020 at CA$ 0.02, and its highest recent level on December 03, 2021 at CA$ 1.13. Dajin Res. has 137 360 000 shares outstanding. |