U.S. markets opened mixed Tuesday, with the S&P 500 up 0.2% early as Apple shares fell after the company forecast less profit per $1 of revenue.
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The U.S. stock market was drifting in mixed early trading Tuesday, with Apple falling while other stocks offset some of the weakness following strong profit reports.
The S&P 500 rose 0.2% early in the session, though more stocks were falling than rising within the index. The Dow Jones Industrial Average was down 212 points, while the Nasdaq composite was up 0.5%.
Apple shares fell 3.2% after the company said it expects to make less profit from each $1 of its revenue during the final three months of this year.
Outside the U.S., indexes were mixed in Europe and Asia. In early European trading, France’s CAC 40 fell 0.2% to 8,035.07, Britain’s FTSE 100 declined 0.5% to 10,701.09, and Germany’s DAX dropped 0.6% to 25,830.22.
In Asia, South Korea’s Kospi fell 4% to 5,626.08, with memory chipmakers SK Hynix down 5.7% and Samsung Electronics down 4%, giving up Monday’s gains. Markets in Tokyo were closed for a holiday.
In Hong Kong, the Hang Seng rose 0.6% to 23,525.97, while the Shanghai Composite index fell 0.8% to 3,608.10, near its lowest level in more than a year.
Oil prices were also in focus. Brent crude fell 1.7% to $103 a barrel in the early session, after previously rebounding from a sharp retreat earlier in the week.
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