News Summary: Stocks head lower on growth concerns

VP of America First Legal slams 'unfounded attempts to clog the federal courts as part of state lawfare against the Administration'

Published April 17, 2013 9:09pm EST | Updated October 30, 2023 6:24am EST



STOCKS HEAD SOUTH: Concerns about the outlook for global growth pushed stocks lower Wednesday. Technology, energy and financial companies led the market lower.

LOWER STILL: Apple continued to fall after a supplier hinted at a slowdown in iPhone and iPad production. The stock dipped below $400 for the first time in a year and a half and are down 43 percent from last September’s all-time high of $705.07.

LACKLUSTRE: Bank of America’s $2.3 billion first quarter profit didn’t impress investors who had been expecting better. The lender fell the most in more than five months, declining 4.7 percent to $11.70.