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Apple stocks drag on US markets Wall Street bounces ahead of jobs data
(about 4 hours later)
(Open): Wall Street markets opened lower on Thursday as shares of Apple fell and energy stocks slipped. (Closed): Wall Street markets rose on Thursday as investors prepared for the release of a slew of economic data on Friday, including monthly jobs figures.
Minutes into trading, the Dow Jones Industrial Average was down 19.59 points, or 0.11%, at 17,770.08. The Dow Jones Industrial Average climbed 47.87 points to 17,837.54.
The S&P 500 index lost 3.88 points to 2,095.45, while the tech-focused Nasdaq dropped 10.79 points to 4,941.46. The S&P 500 index was up 5.83 points, to 2,105.16, while the tech-focused Nasdaq gained 19.11 points to 4,971.36.
Apple shares fell 1.4% after Goldman Sachs cut its price target for the company due to an expected decline in smartphone sales. Energy stocks took a dip after a meeting between large oil producing nations failed to reach an agreement to curb production.
Energy stocks were also down, despite a gains in oil prices following a report that US stockpiles of crude oil were shrinking. The price of crude oil remained mostly flat though following a report that US stockpiles of crude oil were shrinking.
Exxon Mobile shares were down 1.3%. Chevron was 0.6% lower. Exxon Mobile shares were down 0.8%. Chevron was 0.6% lower.
Shares of Johnson & Johnson climbed 1.5% after announcing plans to buy hair care product maker Vogue International.
Software giant Oracle fell 4% after a former employee filed a lawsuit alleging she was instructed to alter the company's sales figures.
Apple shares fell 0.8% after Goldman Sachs cut its price target for the company due to an expected decline in smartphone sales.