Stocks ends the session in the bear but still close to record levels as Apple stocks slides


The market session ended with U.S. Equities trading in inches lower on Monday, but are not far from near record levels, while share of Apple shares were in the bear in a rare downgrade.

The S&P 500 was slipped by 1 percent, with materials and utilities are in a sluggish trading session. The Dow Jones industrial average fell by almost 20 points, with Apple contributing the most losses. While the NASDAQ composite traded 0.1 percent in the bear after reaching its trading high in a single session.

There are two key elements that supports the market which is the relative value of stock and other alternatives like bonds and strong earnings growth. This was a statement by Rob Lutts, The Chief investment officer at Cabot Wealth Management.

The S&P tech sector was outperformed in 2017, advancing 22.5 percent. On Monday, the sector rose 0.1 percent but a decrease in Apple shares capped the gains. Apple Stock were down by 1 percent after the analyst Andy Hargreaves from Pacific Crest advised their clients to sell some of their Apple Stocks.

In other news, European Stock were also in the bear as investors got shaken up by the Terrorist attack in London that killed at least seven people on Saturday night. The FTSE 100 fell 0.27 percent, while the French CAC 40 dropped 0.66 percent while the pan-European Stoxx 600 index fell by 0.1 percent.


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