Wall Street slumps as Apple sinks to two-year low

Apple was the biggest drag on the three major indexes, falling as much as 3.3 percent to $89.47, its lowest since June 2014, as worries festered about slowing demand for iPhones. "This week there is a lack of big macro news, so the market is hunting around for something to latch on to," said John Canally, investment strategist and economist for LPL Financial in Boston. Cleveland Fed President Loretta Mester said the Fed should recognize that there is uncertainty in its economic forecasting, but