Shaky Day for Wall Street Ends Mixed With Hurricane Irma on Horizon
A shaky day for Wall Street ended with mixed results for benchmark indexes. The approach of Hurricane Irma has left investors nervous in recent days, while an agreement to raise the debt ceiling has given some bulls reason to buy.
Walt Disney Co. (DIS) - Get Report contributed a large chunk of the Dow's losses after CEO Bob Iger warned that profit growth was unlikely this year. Disney's profit warning set off losses among broadcasters and other media stocks.
General Electric Co. (GE) - Get Report declined after analysts at JPMorgan maintained their underweight rating and $22 price target. The firm warned that the company's outlook is even worse than previously thought.
Apple Inc.'s (AAPL) - Get Report upcoming iPhone 8 is reportedly facing production problems. Sources told the Wall Street Journal that manufacturing issues had delayed the rollout timeline by around a month.
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