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Wel_len

Wel_len

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2024-03-22

@麦教授随笔 r DD,

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2023-04-27

$First Republic Bank(FRC)$

2022-06-02

F and . Ya .d. m . . ,£ ,, kmn

Is Salesforce Another General Electric?

2021-09-15

Yeah

U.S. stocks close lower on worries over recovery, corporate tax hikes

2021-08-12

Nice

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2021-07-07

Nicee

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2021-07-03

Hmmm..

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2021-07-02

Yeahh.

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2021-06-29

Nice...

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2021-06-28

Please comment..thanks

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2021-06-24

Hello..

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2021-06-22

Yeahh..

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2021-06-22

Yeah..

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2021-06-18

Yeahh

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2021-06-15

Nice.

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2021-06-14

Please comment.. Thanks

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2021-06-13

Sweet

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2021-06-13

Nice

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2021-06-13

Yeahh

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2021-06-12

Please comment.. Thanks

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href=\"https://ttm.financial/U/3577676026307422\">@麦教授随笔 </a>&nbsp; r DD,","listText":"<a href=\"https://ttm.financial/U/3577676026307422\">@麦教授随笔 </a>&nbsp; r DD,","text":"@麦教授随笔 r DD,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/287036650881280","repostId":"1106494473","repostType":2,"isVote":1,"tweetType":1,"viewCount":807,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947329388,"gmtCreate":1682590553045,"gmtModify":1682590556305,"author":{"id":"3572254217053177","authorId":"3572254217053177","name":"Wel_len","avatar":"https://static.tigerbbs.com/c1bad9117c6eada17ae4e3aad0fc89ce","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572254217053177","authorIdStr":"3572254217053177"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FRC\">$First Republic Bank(FRC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/FRC\">$First Republic Bank(FRC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$First Republic Bank(FRC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947329388","isVote":1,"tweetType":1,"viewCount":805,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050898620,"gmtCreate":1654161179760,"gmtModify":1676535404994,"author":{"id":"3572254217053177","authorId":"3572254217053177","name":"Wel_len","avatar":"https://static.tigerbbs.com/c1bad9117c6eada17ae4e3aad0fc89ce","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572254217053177","authorIdStr":"3572254217053177"},"themes":[],"htmlText":"F and&nbsp; &nbsp;. Ya&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; .d.&nbsp;m .&nbsp; &nbsp; .&nbsp;&nbsp;&nbsp;,£ ,, kmn","listText":"F and&nbsp; &nbsp;. Ya&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; .d.&nbsp;m .&nbsp; &nbsp; .&nbsp;&nbsp;&nbsp;,£ ,, kmn","text":"F and . Ya .d. m . . ,£ ,, kmn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050898620","repostId":"1118046574","repostType":2,"repost":{"id":"1118046574","kind":"news","pubTimestamp":1654159942,"share":"https://ttm.financial/m/news/1118046574?lang=&edition=full_marsco","pubTime":"2022-06-02 16:52","market":"us","language":"en","title":"Is Salesforce Another General Electric?","url":"https://stock-news.laohu8.com/highlight/detail?id=1118046574","media":"IBTimes","summary":"Cloud-based software company Salesforce could be turning into another General Electric, a company th","content":"<html><head></head><body><p>Cloud-based software company <a href=\"https://laohu8.com/S/CRM\">Salesforce</a> could be turning into another General Electric, a company that grows fast through acquisitions but fails to create value.</p><p>Salesforce appears to be on a solid footing in 2022. On Tuesday, the San Francisco-based company reported first-quarter financial results that beat analysts&#39; estimates and gave upbeat guidance for the future.</p><p>Management rushed to take credit for the company&#39;s strong revenue growth.</p><p>“We had another great quarter, delivering $7.4 billion in revenue, up 24% year-over-year,” said Marc Benioff, the Co-CEO of Salesforce. “There is no greater measure of our resilience and the momentum in our business than the $42 billion we have in remaining performance obligation, representing all future revenue under contract. While delivering incredible growth at scale, we’re committed to consistent margin expansion and cash flow growth as part of our long-term plan to drive both top- and bottom-line performance.”</p><p>While revenue growth is a good measure of business growth, it isn’t a good indication of how effectively a company manages capital in pursuing that growth.</p><p>Economists and financial experts have another measure for that: economic profit or economic value added (EVA). That’s the difference between the return on invested capital (ROIC) and the weighted average cost of capital (WACC).</p><p>A positive EVA is an indication that the company manages capital effectively, creating value above the market as it grows. A negative EVA is an indication that the company destroys value as it grows.</p><p>Salesforce seems to fall into the second category. According to GuruFocus estimates, the company’s EVA has stayed consistently negative over the last decade, meaning it has been destroying value as it grows.</p><p>One of the explanations for the negative EVA could be that Salesforce is a new company. New companies usually have a negative EVA as they invest in projects that yield low returns in the short run. The other reason is that the company has been overpaying for acquisitions, which is at the core of its growth strategy.</p><p>Those who have been around long enough have seen this show before in companies like GE, which grew steadily in the 1990s and the early 2000s by going on an acquisition spree, often overpaying for acquisition targets. That&#39;s a strategy that transfers value of the stockholders of the acquirer to the stockholders of the acquired. The history of GE&#39;s stock over the last two decades confirms this principle.</p><p>Will Salesforce&#39;s share price have the same fate as GE?</p><p>It all depends on whether the company&#39;s EVA turns positive or continues to stick in negative territory.</p><p>Folio, an AI-powered trading insight platform developed by SynerAI, predicts that the rally in the company&#39;s shares will be short-lived.</p><p>&#34;After today&#39;s Salesforce earnings call, SynerAI&#39;s AI-powered price prediction only sees a short-term positive gain in the stock for the rest of this week and maybe into next week,” SynerAI&#39;s chief growth officer Nathan Solmonese told International Business Times. “This positive reaction to the earnings call may be short-lived. With a 2-month investment horizon, we see up to a 20% downside risk for Salesforce stock driven by the overall slowdown in spending and economic activity, including the hiring of sales teams.&#34;</p></body></html>","source":"lsy1626936058403","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Salesforce Another General Electric?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Salesforce Another General Electric?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-02 16:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ibtimes.com/salesforce-another-general-electric-3527904><strong>IBTimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cloud-based software company Salesforce could be turning into another General Electric, a company that grows fast through acquisitions but fails to create value.Salesforce appears to be on a solid ...</p>\n\n<a href=\"https://www.ibtimes.com/salesforce-another-general-electric-3527904\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://www.ibtimes.com/salesforce-another-general-electric-3527904","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118046574","content_text":"Cloud-based software company Salesforce could be turning into another General Electric, a company that grows fast through acquisitions but fails to create value.Salesforce appears to be on a solid footing in 2022. On Tuesday, the San Francisco-based company reported first-quarter financial results that beat analysts' estimates and gave upbeat guidance for the future.Management rushed to take credit for the company's strong revenue growth.“We had another great quarter, delivering $7.4 billion in revenue, up 24% year-over-year,” said Marc Benioff, the Co-CEO of Salesforce. “There is no greater measure of our resilience and the momentum in our business than the $42 billion we have in remaining performance obligation, representing all future revenue under contract. While delivering incredible growth at scale, we’re committed to consistent margin expansion and cash flow growth as part of our long-term plan to drive both top- and bottom-line performance.”While revenue growth is a good measure of business growth, it isn’t a good indication of how effectively a company manages capital in pursuing that growth.Economists and financial experts have another measure for that: economic profit or economic value added (EVA). That’s the difference between the return on invested capital (ROIC) and the weighted average cost of capital (WACC).A positive EVA is an indication that the company manages capital effectively, creating value above the market as it grows. A negative EVA is an indication that the company destroys value as it grows.Salesforce seems to fall into the second category. According to GuruFocus estimates, the company’s EVA has stayed consistently negative over the last decade, meaning it has been destroying value as it grows.One of the explanations for the negative EVA could be that Salesforce is a new company. New companies usually have a negative EVA as they invest in projects that yield low returns in the short run. The other reason is that the company has been overpaying for acquisitions, which is at the core of its growth strategy.Those who have been around long enough have seen this show before in companies like GE, which grew steadily in the 1990s and the early 2000s by going on an acquisition spree, often overpaying for acquisition targets. That's a strategy that transfers value of the stockholders of the acquirer to the stockholders of the acquired. The history of GE's stock over the last two decades confirms this principle.Will Salesforce's share price have the same fate as GE?It all depends on whether the company's EVA turns positive or continues to stick in negative territory.Folio, an AI-powered trading insight platform developed by SynerAI, predicts that the rally in the company's shares will be short-lived.\"After today's Salesforce earnings call, SynerAI's AI-powered price prediction only sees a short-term positive gain in the stock for the rest of this week and maybe into next week,” SynerAI's chief growth officer Nathan Solmonese told International Business Times. “This positive reaction to the earnings call may be short-lived. With a 2-month investment horizon, we see up to a 20% downside risk for Salesforce stock driven by the overall slowdown in spending and economic activity, including the hiring of sales teams.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882738609,"gmtCreate":1631719423801,"gmtModify":1676530618479,"author":{"id":"3572254217053177","authorId":"3572254217053177","name":"Wel_len","avatar":"https://static.tigerbbs.com/c1bad9117c6eada17ae4e3aad0fc89ce","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572254217053177","authorIdStr":"3572254217053177"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/882738609","repostId":"1148341685","repostType":4,"repost":{"id":"1148341685","kind":"news","pubTimestamp":1631660884,"share":"https://ttm.financial/m/news/1148341685?lang=&edition=full_marsco","pubTime":"2021-09-15 07:08","market":"us","language":"en","title":"U.S. stocks close lower on worries over recovery, corporate tax hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1148341685","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing","content":"<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p>\n<p>Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p>\n<p>So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p>\n<p>“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p>\n<p>The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p>\n<p>“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p>\n<p>The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p>\n<p>U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p>\n<p>The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p>\n<p>The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p>\n<p>All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p>\n<p>Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p>\n<p>Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p>\n<p>CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p>\n<p>Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks close lower on worries over recovery, corporate tax hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks close lower on worries over recovery, corporate tax hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-15 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148341685","content_text":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.\nOptimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.\nSo far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.\n“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”\nThe advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.\n“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”\nThe CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.\nU.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]\nThe long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.\nThe Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.\nAll 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.\nApple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.\nIntuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.\nCureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.\nThe S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.\nVolume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading 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