Market Watch: Stocks Struggle to Regain Monday’s Losses
Phil Cannella
Following Monday’s massive selloff, Wall Street went into the second trading day of 2016, attempting to regain some of the losses from the day prior. Investors wavered for much of the day before finishing with a mixed session. Apple stocks led decliners falling over 2% at one point following a report indicating that the tech leader may significantly cut production of its iPhone 6S and 6S Plus. Japanese news outlet Nikkei reported Apple is expected to reduce the output on its iPhone 6S & 6S Plus by about 30% in the first quarter of 2016.
Will there be life in the stock market this year following the end of QE3 last year? Not so much says CNBC Finance Editor Jeff Cox. Watch below.
Here are the final numbers from Tuesday, 1/5/16 on Wall Street:
Dow Jones Industrial Average: 17,158.66 (+9.72/ +0.06%)
