Stocks Fall In Seesaw Session and Options In Focus: Apple

The NYSE composite dropped 0.6%. The S&P 500 trimmed off 0.4%. The Dow eased only a fraction, as gains in Travelers Cos. (TRV) and McDonald’s (MCD) cushioned losses in other components.

Meanwhile, the Nasdaq fell 0.3%. The tech-heavy index came within less than a point of retaking its 50-day moving average, but then faltered. All major indexes hit new lows for the month.

China Automotive Systems (CAAS) tumbled 7% to a one-month low. The stock is now 36% off its Jan. 11 record high. The stock’s Accumulation/Distribution Rating weakened to C- from A earlier this month.

Telestone Technologies (TSTC) tumbled 6% on nearly twice its average trade. The China-based supplier to telecom carriers is now 40% off a 52-week high.

China Yuchai (CYD) extended its losing streak to five sessions. The diesel engine maker dropped more than 5% in heavy trading.

Elsewhere, Chicago-based CME Group (CME) gapped down, dropped 7% and slicing its 200-day line. [Read the full article]

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