Here are the most important news items that investors need to start their trading day:
The tech rebound didn’t last long. The tech-heavy Nasdaq Composite fell by 1% Tuesday as Oracle shares plummeted 13.5% and other cloud stocks fell. The plunge marked Oracle’s worst day in more than 20 years and it was the worst stock in the S&P 500. Apple and Adobe were also lower for the day, dropping 1.7% and nearly 4%, respectively. The S&P 500 dropped about 0.6% and the Dow Jones Industrial Average was flat. Wall Street’s focus now turns toward the August consumer price index report, due Wednesday morning, as it could offer more insights about inflation. Follow live market updates.
They’re here. Apple launched the anticipated iPhone 15 and iPhone 15 Plus at an event Tuesday. Those models start at $799 while the higher-end iPhone 15 Pro and Pro Max, now made with titanium, start at $999. All of them will have a USB-C charging port, a change to a universal charger from the company’s proprietary Lightning charging cables used by current iPhones. The tech giant also announced a brand-new Apple Watch, made with 95% titanium and a battery life of 72 hours, and new AirPods, which will also be updated with a USB-C port.
A sign for coronavirus (COVID-19) testing is seen on a door of a pharmacy on September 01, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City.
Michael M. Santiago | Getty Images
Updated Covid shots will be available within days. The Centers for Disease Control and Prevention on Tuesday recommended all Americans ages 6 months and older get the new vaccines from