HomeMarketsU.S. Economy & JobsStock Market Today: APPL & AVGO Deal, LOW & DKS Earnings

Stock Market Today: APPL & AVGO Deal, LOW & DKS Earnings

The Dow Jones ended lower along with the S&P 500, Nasdaq-100, and Russell 2000. Only one of the eleven S&P 500 sectors ended higher. Apple (AAPL) shares closed lower after it announced it's extending its chip-supply deal with Broadcom (AVGO) in a multiyear, multibillion dollar agreement. Lowe's (LOW) posted mixed earnings results. A combination of lumber price deflation, unfavorable weather, and discretionary home improvement spending caused comp sales to fall 4.3% in the quarter. Dick's Sporting Goods (DKS) turned negative on the day, even as it posted a top and bottom line beat in its latest quarterly results. Tune in to find out more about the stock market today.

23 May 2023

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