Apple Gains Nearly 6%; TripAdvisor Falls 10% - Adviser Investments

Apple Gains Nearly 6%; TripAdvisor Falls 10%

Rick Winters, vice president at Adviser Investments, has the market analysis for Wednesday, August 1. The Dow Jones Industrial Average and S&P 500 declined 0.3% and 0.1%, respectively; while the NASDAQ Composite advanced 0.5% today—largely as a result of Apple’s nearly 6% gain. Apple beat expectations and reported one of its strongest quarters for revenue ever: a 40% year-over-year gain. On the other side of the ledger, TripAdvisor fell 10% today in post-close trading after falling short on revenue expectations. Meanwhile, trade-war headlines continue to swirl following President Trump’s proposed tariff increases on an additional $200 billion in Chinese imports.

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