Stocks open slightly lower as Apple disappoints

By Patrick Rizzo

Stocks opened slightly lower on Wall Street Wednesday after Apple reported earnings?that fell short of expectations late Tuesday, disappointing investors for the first time in years.

Markets were also closely watching developments in Europe, where Greek workers went on strike to protest strict austerity measures aimed at helping it dig itself out from under?a huge debt pile.

Investors seemed to shrug off news that U.S. housing starts jumped 15 percent in September, rising at their fastest pace in 17 months. Despite the increase, housing starts are still well below the rate that would be considered showing a healthy housing market.

Source: http://bottomline.msnbc.msn.com/_news/2011/10/19/8396415-stocks-open-lower-after-apple-earnings-miss-target

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