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U.S. stocks tumble amid falling Apple shares

NEW YORK
2019-12-10 05:48

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NEW YORK, Dec. 9 (Xinhua) -- U.S. stocks sank on Monday as shares of tech giant Apple slid, weighing on the market.

The Dow Jones Industrial Average decreased 105.46 points, or 0.38 percent, to 27,909.60. The S&P 500 fell 9.95 points, or 0.32 percent, to 3,135.96. The Nasdaq Composite Index dipped 34.70 points, or 0.40 percent, to 8,621.83.

Apple stock closed 1.40 percent lower, leading laggards in the Dow.

Eight of the 11 primary S&P 500 sectors pulled back, with health care down 0.68 percent, the worst-performing group. Consumer staples closed up 0.15 percent, outpacing the rest.

Wall Street continued to digest the stronger-than-expected jobs data released late last week.

U.S. employers added 266,000 jobs in November, and the unemployment rate dropped slightly to 3.5 percent, the lowest in nearly five decades, according to the U.S. Bureau of Labor Statistics.

This week's highlights include the U.S. consumer price index and a Fed announcement on Wednesday and retail sales on Friday.
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