Apple Below $100 in Midday on Possible iPhone 6 Delay in China
Small gains in midday trading Tuesday as traders move cautiously ahead of the Fed's decision on interest rates. Both the Dow Jones Industrial and the S&P 500 are in positive territories. The Nasdaq is struggling to cross over from the flat line. Energy stocks are moving higher. Exxon Mobil (XOM) is the blue chips' biggest gainer. Oilfield services company, Schlumberger (SLB) is also up better than 1 percent. But Apple (AAPL) is falling and now below $100 in midday trading. The stock dropped on news its iPhone 6 may not make it to retailers in China by the end of this year. Wynn Resorts (WYNN) is also dropping on worries gambling revenue has declined in Macau. Shares are down for a third straight session. Shares of Adobe (ADBE) are losing a bit of ground ahead of its earnings. The company is expected to post third quarter earnings of 26 cents a share when it reports after the markets close.
