05-03-2024 20:05 via rocketnews.com

Dow Jones tumbles over 350 points; Nasdaq down 1.9% as Apple shares slump

U.S. stocks were moving lower on Tuesday afternoon as technology shares came under pressure, dragged down by Apple’s continued slump, while investors remained cautious ahead of closely watched remarks by Federal Reserve Chair Jerome Powell and labor-market data, which should offer more clues on the central bank’s interest-rate path and the health of the economy. How stocks are trading The S&P 500 SPXwas down 52 points, or 1%, to 5,078. The Dow Jones Industrial Average DJIAwas fal
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