US STOCKS-Wall Street slips on losses in Apple, energy shares
Wall Street edged lower on Thursday in choppy trading as losses in Apple Inc and energy companies dampened the bullish resolve of the major indexes that had rallied in the previous session to its best in a week. Apple weighed the most on the S&P 500 and the Nasdaq, shedding 0.4%, a day after surging 3.8%, while the energy sector fell 1.6%, tracking lower oil prices on fears of a slowdown in demand. "It is really just a reflection of the strong gains that we had yesterday and so the market is digesting that," said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.
Published:8/4/2022 10:00:05 AM