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Market lower, Apple price targets get cut, Shell sheds jobs

Lawrence Lewitinn
·Lawrence Lewitinn

These are the stocks investors are watching based on Yahoo Finance ticker searches.

The SPDR S&P 500 ETF (SPY) is trading lower as stocks fall on weakness in the materials and energy sectors. Merging companies DuPont (DD) and Dow Chemical (DOW) continue to drop while oil is close to an 11-year low, trading at about $35 per barrel.

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Apple (AAPL) is slipping after a couple of price target cuts. Morgan Stanley cut its price target on the world’s largest company to $143 per share from $162 citing expected slowing iPhone sales. Barclays cut its target to $150 per share from $155 but still has an “overweight” rating on the stock.

Royal Dutch Shell (RDS-A, RDS-B) is down after the company said it would slash 2,800 jobs when its acquisition of BG Group (BG.L) is completed in 2016. This comes in addition to the 7,500 jobs Shell previously said it would shed. The oil giant agreed to buy oil and gas exploration firm BG for roughly $71 billion back in April.

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