U.S. stocks decline most in eight weeks as Apple stumbles and tumbles

“U.S. stocks tumbled the most in eight weeks, as Apple Inc. sank on snafus related to its new smartphone and concern mounted that Russia may seize foreign assets,” Joseph Ciolli and Oliver Renick report for Businessweek.

“Apple plunged 3.3 percent to send technology stocks in the Standard & Poor’s 500 Index to the biggest decline since April,” Ciolli and Renick report. “The S&P 500 fell 1.5 percent to 1,967.97 at 2:05 p.m. in New York, with all but 17 of the index’s components declining. The Dow Jones Industrial Average plunged 251.81 points, or 1.5 percent, to 16,958.25. The Nasdaq 100 Index slid 2 percent. All three gauges are having their worst performance since July 31. Trading in S&P 500 stocks was in line with the 30-day average.”

“Apple’s 3.3 percent slide was the biggest since Sept. 3. The company pulled a new mobile-software update after the program caused some people to lose cellular service yesterday,” Ciolli and Renick report. “Scores of consumers also criticized the new 6 Plus iPhone and how it can bend.”

Read more in the full article here.

Related articles:
Wired reviews Apple’s 64-bit iPhone 6 Plus: ‘Too big to fail, but not to bend’ – September 25, 2014
Apple CEO Tim Cook’s banana skins: U2, ‘Bendygate’ and iOS 8.0.1 – September 25, 2014
Video: Apple iPhone 6 Plus bend test – September 23, 2014
Apple granted two new Liquidmetal production patents – August 26, 2014
Apple extends Liquidmetal exclusivity deal through February 2015 – May 21, 2014


  1. Oh, puleeze…

    “Scores of consumers also criticized the new 6 Plus iPhone and how it can bend.”

    Scores of the millions of units sold sounds like an earth-shattering problem for sure…

  2. The market always gets jittery in the fall. I wouldn’t worry about Apple stock though. When people are thinking, “Oh good, I hope all the negative press keeps the crowds away so I can get my new phone faster” you know it’s going to be a blockbuster year.

    Liquidmetal is easily 12-18 months away from even limited use. Apple watch v.2 will look the same, btw, but allow upgraded innards and will begin offering a liquidmetal body. That’s spring 2015. Iphone 7 will also have an option.

    As for the Russians, read “the Next 100 years” by Friedman (not the nytimes one.) Russia will continue to surge for another 5-7 years before being crushed once again by their own weight. The next 5-7 years could suck for Europe though.

  3. I have the 6+, Yes there is a little flex when you try to bend it… but what idiot puts this big phone in their back or front pants pocket??? It fits nicely in my shirt pocket. It is a big phone, I wouldn’t have minded a little thicker case for strength.

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