US Close 27 Oct 16: US stocks reduced early losses but Apple still under pressure

US sharemarkets were mixed on Wednesday as investors digested the latest earnings results. Shares in Apple fell by 2.25% after releasing earnings after the bell on Tuesday. But shares in Boeing rose by 4.7% after profits rose in the quarter despite lower sales. The Dow Jones index rose by 30 points or 0.2% after holding in a 174 point trading range. The S&P 500 index fell by 0.2% while the Nasdaq eased by 33 points or 0.6%.

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