Home World News Wall St. drops as Apple falls, Fed eyed

Wall St. drops as Apple falls, Fed eyed

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Wall St. drops as Apple falls, Fed eyedU.S. stocks fell on Monday as Apple shares dropped following a broker downgrade and investors continued to weigh chances of an aggressive interest rate cut by the Federal Reserve later this month. Apple Inc fell 2.2% and was the biggest drag on the S&P 500 and Nasdaq. The technology <.SPLRCT> index was down 0.7%, while the healthcare index <.SPXHC> fell 0.8%, weighed down by U.S. President Donald Trump’s recent statement about an upcoming executive order that would lower prescription drug prices.

Source: Yahoo.com