US stocks hit as Apple shares fall
- Published
(Close): US stocks on the S&P 500 and Nasdaq have closed lower, with shares in Apple down nearly 4% after it reported another quarter of falling iPhone sales and revenues.
Apple's annual revenue fell for the first time since 2001.
The Dow Jones closed up 30.06 points at 18,199.33.
The wider S&P 500 index fell 3.73 points to 2,139.43, while the Nasdaq index fell 33.13 points to 5,250.27.
Shares in aerospace giant Boeing rose 4.7% after it reported better-than-expected third-quarter profits.
The company earned $2.28bn in the quarter, compared with $1.70bn a year earlier, although revenues fell to $23.90bn from $25.85bn.
Coca-Cola shares fell 0.24% after third-quarter revenues fell for the sixth quarter in a row, down 7% from a year earlier to $10.63bn.