Stocks fell on Tuesday as the broader tech sector slumped following Apple's
Here's how the market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In the spotlight, Apple unveiled a new iPhone model Tuesday afternoon, as well as new wearables.
Apple announced its iPhone 15 Pro will start at $999, while the iPhone 15 Pro Max -- which offers 256 more gigabytes -- will cost $1,119. Both model's got a camera upgrade, with the 48-megapixel cameras now being able to shoot in 48MP HEIF and super high resolution. The iPhone 15 Pro also has a 3X telephoto camera, while the Pro Max has up to a 5X zoom and a 120 millimeter focal length.
Another key feature of the iPhone 15 is it's USB-C charging port, which has become "a universally accepted standard," for phone charging. The model can also call roadside assistance via satellite, meaning users without cell services can still access emergency help when needed. The service will be free to iPhone 15 users for two years.
Apple also launched the next generation of the Apple Watch with the Apple Watch Series 9, Second Generation SE and Ultra 2. The luxury Ultra 2 will be priced at $799, while the Series 9 will cost $399 and the SE will be $249.
Shares of chipmaker Taiwan Semiconductor Manufacturing Corp
Also driving market moves, Oracle
Other cloud competitors including Amazon
Elsewhere, Bank of America analyst Sachin Jain forecasts an upside for Novo Nordisk
For Wednesday, market participants will turn their attention to August's consumer price index reading for more signs that inflationary pressures are easing.