NEW YORK: U.S. stocks fell at the start of trading, as measured by the Standard & Poor’s 500 Index, at 9:31 a.m. New York time.
The S&P 500 dropped 3.4 percent to 1,903.41. There were 0 stocks that rose and 145 that fell. Apple Inc, down 11.1 percent to $94.07, led the decline. The Dow Jones Industrial Average fell 3.3 percent to 15,924.66. For the year, the S&P 500 has lost 7.6 percent. The Dow has dropped 10.7 percent.
High Performance Beverages Co was the most-active U.S. stock. Trading totaled NaN.0 million shares. Other actively traded shares included Apple Inc, Bank of America Corp., Calissio Resources Group Inc, and Facebook Inc..
Apple Inc dragged the S&P 500’s value down by 7.63 points, more than any other stock, followed by General Electric Co. at 3.08 point and Microsoft Corp. at 2.94 points. Rockwell Automation Inc limited the index’s loss the most, lifting its value by 0.00 point, followed by Hess Corporation at 0.00 point and HCP Inc at 0.00 point.
S&P 500 futures expiring in September fell 104.90 points to 1,866.50, a discount of 33.90 points to the index’s fair value. The futures are fairly valued at a discount of 3.01 to the underlying cash index, according to data compiled by Bloomberg.
