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Wall Street opens lower on iPhone worries

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Reuters

(Reuters) - U.S. stock indexes opened lower on Friday led by falls in shares of Apple and its suppliers, including Advanced Micro Devices and Qualcomm, following a report that the iPhone maker was planning to produce fewer new phones this year than last.

The Dow Jones Industrial Average fell 26.52 points, or 0.11 percent, to 25,214.89. The S&P 500 lost 3.58 points, or 0.129225 percent, to 2,766.79. The Nasdaq Composite dropped 24.90 points, or 0.33 percent, to 7,610.17.

(Reporting by Ankur Banerjee in Bengaluru; Editing by Shounak Dasgupta)

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First Published: Jun 08 2018 | 7:07 PM IST

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