Apple takes Dow over 22,000 points; other stocks are mixed - WFMJ.com News weather sports for Youngstown-Warren Ohio

Apple takes Dow over 22,000 points; other stocks are mixed

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  • Survivor recounts boat accident that killed 9 family members

    Survivor recounts boat accident that killed 9 family members

    Sunday, July 22 2018 12:34 PM EDT2018-07-22 16:34:48 GMT
    (AP Photo/Charlie Riedel). People pray outside Ride the Ducks, an amphibious tour operator involved in a boating accident on Table Rock Lake, Friday, July 20, 2018 in Branson, Mo.(AP Photo/Charlie Riedel). People pray outside Ride the Ducks, an amphibious tour operator involved in a boating accident on Table Rock Lake, Friday, July 20, 2018 in Branson, Mo.
    More than half of the 17 people killed when a tourist boat sank on a Branson lake were members of the same Indiana family, and they likely wouldn't have been on the ill-fated trip but for a ticket mix-up.More >>
    More than half of the 17 people killed when a tourist boat sank on a Branson lake were members of the same Indiana family, and they likely wouldn't have been on the ill-fated trip but for a ticket mix-up.More >>
  • Grandmother shot, hostages held at supermarket; 1 woman dead

    Grandmother shot, hostages held at supermarket; 1 woman dead

    Sunday, July 22 2018 12:31 PM EDT2018-07-22 16:31:10 GMT
    (AP Photo/Damian Dovarganes). Los Angeles Police SWAT officers escort a group of people who were held for their safety by police across businesses surrounding a Trader Joe's supermarket, after a gunman held dozens of people hostage inside the store bef...(AP Photo/Damian Dovarganes). Los Angeles Police SWAT officers escort a group of people who were held for their safety by police across businesses surrounding a Trader Joe's supermarket, after a gunman held dozens of people hostage inside the store bef...
    Police say they're trying to determine what prompted a man to shoot his grandmother and then run into a busy Los Angeles supermarket and hold dozens of people hostage for hours.More >>
    Police say they're trying to determine what prompted a man to shoot his grandmother and then run into a busy Los Angeles supermarket and hold dozens of people hostage for hours.More >>
  • 'Equalizer 2' squeaks past 'Mamma Mia 2' and takes top spot

    'Equalizer 2' squeaks past 'Mamma Mia 2' and takes top spot

    Sunday, July 22 2018 12:31 PM EDT2018-07-22 16:31:03 GMT
    (Glen Wilson/Sony, Columbia Pictures via AP). This image released by Columbia Pictures shows Denzel Washington in a scene from "Equalizer 2."(Glen Wilson/Sony, Columbia Pictures via AP). This image released by Columbia Pictures shows Denzel Washington in a scene from "Equalizer 2."
    In the battle of two very different sequels at the box office this weekend, Denzel Washington's action pic "The Equalizer 2" has narrowly won out over the ABBA jukebox musical "Mamma Mia".More >>
    In the battle of two very different sequels at the box office this weekend, Denzel Washington's action pic "The Equalizer 2" has narrowly won out over the ABBA jukebox musical "Mamma Mia".More >>

By MARLEY JAY
AP Markets Writer

NEW YORK (AP) - A big gain from Apple Wednesday morning sent the Dow Jones industrial average above 22,000 for the first time. Most other industries were trading lower, with health care and household goods companies slipping. Movie theater companies plunged after AMC Entertainment gave a weak forecast and said it will cut costs.

KEEPING SCORE: The Dow, which tracks 30 big-name U.S. companies, climbed 29 points, or 0.1 percent, to 21,992 as of 10:42 a.m. Eastern time. It traded above 22,000 points earlier.

The Standard & Poor's 500 index, a much broader market measure used by most professional investors, fell 6 points, or 0.3 percent, to 2,469. The Nasdaq composite lost 27 points, or 0.4 percent, to 6,336. The Russell 2000 index of smaller-company stocks shed 15 points, or 1.1 percent, to 1,412.

Two stocks fell for every one that rose on the New York Stock Exchange.

APPLE GETS AN 'A': Apple's fiscal third-quarter profit and sales were better than experts had anticipated. The company is forecasting $49 billion to $52 billion in revenue for the current quarter, which ends in September. That was also above estimates, and it's better than last year, when the iPhone 7 was released. Some experts feared that delays for the next iPhone model would cause Apple would forecast far lower sales. The stock climbed $8.35, or 5.6 percent, to $158.40.

ILLUMINA LIGHTS UP: Genetic tools company Illumina raised its projections for the rest of the year after solid results in the most recent quarter. The company said demand for its NovaSeq genetic sequencing system was better than expected, and its stock gained $21.65, or 12.6 percent, to $193.95.

HORROR FILM: Movie theater operators plunged after AMC Entertainment said U.S. box office receipts dropped 4.4 percent in the second quarter, and it expects the third quarter to be difficult as well. AMC it also taking a charge of more than $170 million because its investment in another chain, National CineMedia, lost value. The company is also planning to slash costs by making changes including discounts, cuts in operating hours and staff levels, and new pricing plans.

AMC dropped $4.95, or 23.8 percent, to $15.85. Regal Entertainment sank 80 cents, or 4.2 percent, to $18.29 and Cinemark Holdings lost $2.09, or 5.3 percent, to $37.67.

OIL: Benchmark U.S. crude added 6 cents to $49.22 a barrel in New York. Brent crude, the international standard, picked up 13 cents to $51.91 a barrel in London.

BONDS: Bond prices were little changed. The yield on the 10-year Treasury note remained at 2.25 percent.

CURRENCIES: The dollar rose to 110.60 yen from 110.30 yen. The euro edged up to $1.1828 from $1.1801.

OVERSEAS: Germany's DAX was unchanged, as was the CAC 40 of France. Britain's FTSE 100 slipped 0.2 percent. Japan's Nikkei 225 rose 0.5 percent and South Korea's Kospi gained 0.2 percent. Hong Kong's Hang Seng index advanced 0.2 percent.

___

AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP His work can be found at https://apnews.com/search/marley%20jay

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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  • Youngstown: 3 women injured at bar shooting

    Youngstown: 3 women injured at bar shooting

    Sunday, July 22 2018 12:23 PM EDT2018-07-22 16:23:32 GMT

    A shooting in Youngstown early Sunday morning sent three people to the hospital. Officers were called to Afro Dogs on Gibson Street around 4 A-M for a shooting. The victims were all female and one may have lost eyesight in one eye. Two of the victims drove to Saint Elizabeth's in their own vehicles while the third was taken by ambulance. As of now, all victims are listed in stable condition. There is no word on any suspects.

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    A shooting in Youngstown early Sunday morning sent three people to the hospital. Officers were called to Afro Dogs on Gibson Street around 4 A-M for a shooting. The victims were all female and one may have lost eyesight in one eye. Two of the victims drove to Saint Elizabeth's in their own vehicles while the third was taken by ambulance. As of now, all victims are listed in stable condition. There is no word on any suspects.

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  • Waterfire Sharon kicks off first event with "Magical Moments"

    Waterfire Sharon kicks off first event with "Magical Moments"

    Sunday, July 22 2018 5:24 AM EDT2018-07-22 09:24:47 GMT
    The Shenango River glowed for the first of the three Waterfire Sharon events in downtown Sharon as dozens of braziers were lit by people in boats carrying torches. The lighting ceremony for "Magical Moments" Saturday night took place on the State Street bridge just after 9 p.m. Some travel back to the Shenango Valley for the event each year. "To me it's spiritual and I love the smell of the fires burning, the cedar, I just thoroughly enjoy it," Kay Anderson said...More >>
    The Shenango River glowed for the first of the three Waterfire Sharon events in downtown Sharon as dozens of braziers were lit by people in boats carrying torches. The lighting ceremony for "Magical Moments" Saturday night took place on the State Street bridge just after 9 p.m. Some travel back to the Shenango Valley for the event each year. "To me it's spiritual and I love the smell of the fires burning, the cedar, I just thoroughly enjoy it," Kay Anderson said...More >>
  • Pets killed in Trumbull County fire

    Pets killed in Trumbull County fire

    Sunday, July 22 2018 5:03 AM EDT2018-07-22 09:03:48 GMT

    One dog and two cats are dead after a fire broke out at a Trumbull County home Saturday afternoon. Officials responded to a trailer fire in the 5000 block of Kinsman Road Saturday. The woman who lives there was not home at the time the flames broke out. Firefighters credit a passerby for alerting authorities of the blaze. Orangeville Fire Chief Larry Foltz tells 21 News the west end of the trailer saw the majority of the damage.  The cause remains under investigation.

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    One dog and two cats are dead after a fire broke out at a Trumbull County home Saturday afternoon. Officials responded to a trailer fire in the 5000 block of Kinsman Road Saturday. The woman who lives there was not home at the time the flames broke out. Firefighters credit a passerby for alerting authorities of the blaze. Orangeville Fire Chief Larry Foltz tells 21 News the west end of the trailer saw the majority of the damage.  The cause remains under investigation.

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