Tech stocks give up some gains
Amazon shares falls nearly 10 percent, while Apple gets no love despite MacBook announcements, in a day that saw investors selling off stocks across the board.
Shares of Amazon.com sold off sharply Tuesday, and Apple failed to swim against the tide despite rolling out a revamped MacBook line, as the broader markets gave up gains from its stellar performance a day earlier.
Amazon fell 9.93 percent to end the day at $55.86 a share, with little news out on the company. Amazon, however, is set report its third-quarter results on October 22.
Apple, meanwhile, received little love from investors, after rolling out its new MacBook lineup. The computer maker's stock fell 5.6 percent to end the day at $104.08 a share. Investors, who in general were selling off stocks across the board, may have also been less than happy that the computer maker was rolling out an under-$1,000 notebook.
Intel, meanwhile, jumped as much as 6 percent in after-hours trading, after reporting a 12 percent increase in third-quarter profit. Intel, which reported its quarterly results after the markets closed, ended the day down 6.24 percent to $15.93 a share, during the regular trading hours.
Tech stocks, overall, were down, with the CNET Tech Index giving up 39.15 points to end the day at 1,228.68.
The tech-heavy Nasdaq, meanwhile, closed down 65.24 points, or 3.5 percent, to close at 1,779.01. The S&P 500 fell 5.34 points, or 0.5 percent, to close at 998.01. And the Dow Jones Industrial Average dipped 76.72 points, or less than 1 percent, to end the day at 9,310.99. On Monday, the Dow was up a record 936 points.
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