Business

Wall Street flat amid tech stock weakness

NYSE traders Image copyright Getty Images

Tech stocks weighed on Wall Street on Thursday as both Apple and eBay saw their shares fall.

Shares in Apple closed 2.4% lower amid worries about levels of demand for its new iPhone 8 and iPhone 8 Plus models.

Shares in online marketplace eBay dropped 1.8% after it warned late on Wednesday that profits in the current quarter could fall short of estimates.

These falls contributed to the tech-heavy Nasdaq index closing down 19 points or 0.29% to 6,605.07.

However, the Dow Jones notched up another record close of 23,163.04, edging up by 5 points or 0.02%, after closing above 23,000 for the first time on Wednesday.

The wider S&P 500 index also inched up by 0.94 points or 0.03% to 2,562.10.