Economic news

U.S. stocks open lower as Apple declines

U.S. stock major indexes opened lower on Tuesday in light postholiday trade amid decline in Apple shares and after a report on weak iPhone X sales forecast for the first quarter.

The Dow Jones Industrial Average slipped 0.13 percent, to 24,722.09.

The S&P 500 slid 0.17 percent, to 2,678.71.

The Nasdaq Composite slumped 0.45 percent, to 6,928.34.

Analysts have downgraded iPhone X shipment forecast for the first quarter of 2018. Shares of Apple edged down 2.4 percent in early trading.

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