Wall Street’s 3 big indexes eked out record closes Wednesday. A rally in energy and consumer discretionary stocks offset losses in tech stocks.
Ross Gerber of Gerber Kawasaki:
SOUNDBITE: ROSS GERBER, CEO, GERBER KAWASAKI, (ENGLISH) SAYING:
“It’s a little bit of digestion. We moved up into new high levels, and we’re getting close to breaking into all time highs again, and you know, the market’s got to digest each step of this rally as it continues. So we don’t look at anything as abnormal today.”
Apple shares further retreated on concerns about the new iPhone X’s high pricetag and later-than-expected launch date.
Western Digital shares declined. Its joint venture chip partner, Toshiba, will now focus on selling its semiconductor business to a group led by Bain Capital and SK Hynix….