The Dow Jones Industrial Average (DJIA) trades just beneath 52,500 on Friday, up around 230 points and roughly 1.6% under the record set early in July. That mild figure covers a session that ran close to 600 points, from a high in the 52,600 area down to a low fractionally beneath the 52,000 handle, before recovering more than 450 points inside two hours. No new information arrived between those two extremes.
Two earnings shocks, one index, almost no net
Apple (AAPL) trades around 10% lower after a fiscal third quarter in which revenue beat expectations on a 22% jump in iPhone sales, only for a shortfall in services to take the shares down…
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