Wednesday's midday trade: stocks dip despite Apple gains

21 Jul, 2011

US stocks dipped on Wednesday, with technology shares falling as a blow-out quarter from Apple failed to entice more buying after Wall Street's best day since March. Apple Inc hit another all-time high on Wednesday after it reported quarterly revenues that were far above expectations. The stock gained nearly 3 percent to $387.79.
The Dow Jones industrial average slipped 24.71 points, or 0.20 percent, at 12,562.71. The Standard & Poor's 500 Index was down 1.56 points, or 0.12 percent, at 1,325.17. The Nasdaq Composite Index took off 16.15 points, or 0.57 percent, at 2,810.37.

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