US stocks subdued as traders weigh Apple launch and policy outlook
Yahoo! Finance
US stocks edged lower on Monday, trimming early gains, as investors weighed a much-anticipated product launch from tech giant Apple and continued hunting for clues about the future path of interest rate rises. Wall Street’s S&P 500 closed down 0.2 per cent, paring a small advance that had lifted the benchmark index more than a fifth above a recent low in October 2022 — briefly taking it into technical bull-market territory. Apple’s shares slid 0.8 per cent after the group unveiled a new “mixed...
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