By Liz Moyer
Investing.com -- Stocks were lower to start a new trading year on Tuesday as investors awaited the Federal Reserve's meeting minutes and data on jobs for December. Here are the midday movers for Jan. 3.
AMC Entertainment Holdings Inc (NYSE:AMC) shares fell 3.4% after analysts at B. Riley Securities cut their outlook on box office sales for this year and next year, to $8.9 billion and $10.1B, respectively, from an earlier estimate of $9.5B and $10.7B.
Apple Inc (NASDAQ:AAPL) stock fell 4.4% as the iPhone maker was on its way to closing below a $2 trillion market value for the first time since 2021, weighed by reports it has cut product orders from China.
Exxon Mobil Corp (NYSE:XOM) stock fell 3.4% as crude oil prices started the year out on a down note. WTI was down 2.8% as of midday, below $80 a barrel, and Brent crude was down 2.9%. Chevron Corp (NYSE:CVX), another oil major, shares fell 2.9%.
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