Summer Savings! Get unlimited digital access for 13 weeks for $13.

Apple iPhone

Tech shares lead stock market down; Apple sinks

Tech shares lead stock market down; Apple sinks

U.S. stocks notched their second decline in as many days Wednesday, pulled down by a technology stock slump headlined by Apple and Microsoft. Both companies delivered disappointing quarterly results or outlooks the night before, setting the stage for the sell-off in the technology sector. “Apple is the biggest publicly traded company in the world, so it's going to have a big impact on the indices,” noted Erik Davidson, chief investment officer at Wells Fargo Private Bank. The slide wasn't that broad, however. Financial and utilities stocks were among the big gainers. And homebuilders got a boost from a report indicating U.S. home sales surged last month to the...