The Dow Falls From Record High as Markets Wait on the Fed

Apple shares fell nearly 2% Thursday
Publish date:

Markets continued their downward trajectory throughout a dismal day of trading Thursday, falling from recent record highs.

The Dow Jones fell 0.24%, its first down day in ten sessions while the S&P fell 0.3% and the Nasdaq dropped 0.52%.

Lack of a concrete indicator following the Federal Reserve's meeting Thursday helped send markets lower, though the central bank did say that it will begin lowering its balance sheet with a reduction of up to $10 billion a month starting in October.

The Fed holds $4.5 trillion in Treasury securities and mortgage-backed assets on its balance sheet.

Apple (AAPL) - Get Report shares took a big hit Thursday, falling 1.72% on heavy volume after the company admitted to glitches in its new Apple Watch that hindered wireless connectivity.

Meanwhile, Advanced Micro Devices (AMD) - Get Report seemed to be one of the day's winners after the company announced that it was working on a program to help Tesla design its own self-driving car chips. However AMD's shares also fell 2.4% Thursday.