Apple Enters Further Into Correction; Factory Orders Rebound

Apple (AAPL) continued to fall on Tuesday after entering correction territory on Monday. Investors pulled out of the stock after it moved below its 200-day moving average. It was another jittery day of trading on Wall Street ahead of Friday's jobs report. The S&P 500 and Dow Jones Industrial Average were edging lower after briefly moving higher earlier in the session. Orders for goods manufactured at U.S. factories rebounded in June after falling in May. The Commerce Department reported a 1.8% rise over the month as economists had expected. Netflix (NFLX) hit an all-time high, moving above $117 a share. The stock jumped after analysts at Guggenheim Partners initiated with a BUY rating and $160 price target.