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.
Asian stocks slipped on Friday but showed signs steadying as the dust began to settle after the Federal Reserve's hawkish policy statement, while investors looked to see how Chinese financial markets would react to a downgrade on the nation's credit rating. MSCI's broadest index of Asia-Pacific shares outside Japan handed back earlier gains and was down 0.1 percent after falling 0.7 percent the previous day. The index had risen to a decade high on Tuesday, lifted as Wall Street advanced to record highs, before moving off that peak after the Fed heightened expectations for a third interest rate hike this year.
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%.