Investors liked what they saw from Apple when the new Series three Apple Watch was unveiled. However, critics are panning it after the tech giant acknowledged a major problem. Yahoo Finance’s Alexis Christoforous and David Pogue figure out how big of a concern this if for the company.
U.S. stocks closed the day in the red, with the Dow ending a nine-session winning streak. The Dow Jones Industrial Average slipped 53.4 points, or 0.24%, to end the day at 22,359.69. The S&P 500 dropped 0.3% to close at 2,500.6, and the tech-laden Nasdaq Composite closed at 6,422.69 after falling 0.52%.
The U.S. Treasury yield curve flattened to a two-and-a-half month low and world stock markets fell on Thursday as investors adjusted to indications from the U.S. Federal Reserve that it may raise interest rates a third time this year. Lingering worries over North Korea added to the weaker tone in U.S. stocks, with U.S. President Donald Trump ordering new sanctions.