While you were sleeping Lowe's disappoints, Apple flies

Mon, 20 Aug 2012

By Margreet Dietz Aug 21 (BusinessDesk) - Wall Street edged lower as Lowe's cut its profit forecast and investors reassessed the latest clues from Europe. Still, the overall decline was limited as shares of Apple hit yet another record high. The gain in Apple shares boosted its market capitalisation to US$622.5 billion, another record as that made it the most valuable company in history. In late afternoon trading in New York, the Dow Jones Industrial Average and the Standard & Poor's 500 Index both edged 0.07 percent lower, while the Nasdaq...

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