U.S. Markets Pulled Down by Apple's Siri Maker and Kate Spade

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U.S. Markets Pulled Down by Apple's Siri Maker and Kate Spade

U.S. Markets Pulled Down by Apple's Siri Maker and Kate Spade
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U.S. Markets Pulled Down by Apple's Siri Maker and Kate Spade

by TheStreet.com Videos 0:55 mins

Stocks are still on a downward trend at midday on Tuesday after opening lower for the first time in three days. The major markets are all in the red but the Nasdaq is losing the most ground in Tuesday's session. Nuance communications (NUAN) is one of the stocks pulling the tech heavy index down. The maker of speech recognition software like Apple's (AAPL) Siri is down more than 10% after reporting a disappointing earnings forecast. But, Twitter (TWTR) is among the few tech gainers in the session. Shares of Kate Spade (KATE) are now down after opening sharply higher on better than expected second quarter earnings and sales. And, it looks like investors are taking some profit on shares of Tesla (TSLA) after Consumer Reports said it found some reliability problems with Tesla's Model S electric car. TheStreet's Susannah Lee has details from New York.

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