Dow Jones Sinks as Analyst Warns on Apple and Microsoft Valuations; Home Depot Stock Slumps on Slowdown Fears
The stock market was broadly lower on Friday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) down 0.13% at 12:05 p.m. EDT. The tech-heavy Nasdaq Composite was the worst performer among the major indexes, hurt by an analyst warning about tech stock valuations.
That warning pertained to Dow components Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT), which are trading at historically high valuations after months-long rallies. Both stocks slumped on Friday, as did shares of Home Depot (NYSE: HD) following a separate analyst warning.
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Source Fool.com
