STOCKS FIGHT BACK: Here's what you need to know

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STOCKS FIGHT BACK: Here's what you need to know

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Reuters/Alessandro Bianchi

A traditional Hungarian shepherd leads his Racka sheep during celebrations of the start of the new grazing season on the Great Hungarian Plain in Hortobagy, Hungary.

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Thursday didn't get off to a good start.

On Thursday morning, Apple was down as much as 2.8% on reports of the company cutting production orders linked to the new iPhone 8. Apple led the S&P 500 down as much as 0.5% in early trading.

But, the markets weren't going to let a single stock drag them down, so at about 10:15 AM, the S&P reversed course and started a long march upward to end the day above its break-even point.

More than one Wall Street firm has called for a correction to hit the markets soon, but it didn't come today.

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Here's the scoreboard:

  1. The stock market is finally falling - and Apple is to blame. Apple was down early on Thursday, and dragged the markets down with it.
  2. Wall Street banks are starting to sound the alarm on a stock market correction. Bank of America Merrill Lynch is the latest Wall Street firm to issue a warning about a possible stock market correction.
  3. MongoDB skyrockets 30% on its first day of trading. The company isn't profitable but is working on improving that.
  4. Nike has lost its crown as king of the sneaker market - and a sneaker mogul has a simple explanation for why. It's all about supply and demand.
  5. Google just delivered a $1 billion blow to Uber. The tech giant led an investing round in one of Uber's biggest rivals.

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The most bullish Apple analyst says to 'buy into the iPhone 8 gloom and doom ahead of the iPhone X'

United tanks 11% as outlook disappoints

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