A disappointing quarter for Apple (AAPL) weighed on Wall Street. The world's largest publicly traded company fell short of sales and iPhone shipment estimates, though earnings did top consensus. Apple was one of the biggest losers on the Dow. Activity in the services sector improved at a faster-than-expected pace in April. Economic activity in the non-manufacturing sector has risen for the past 88 months in a row. The New York Times (NYT) rallied after swinging to a quarterly profit and reporting a double-digit increase in circulation revenue. The news company has seen a surge in subscriptions in response to the Trump administration's attacks on the media. Etsy (ETSY) slumped after falling short of sales estimates and announcing that its CEO Chad Dickerson would step down. The online crafts site said it would refrain from providing guidance due to the leadership switch-up.
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