08-09-2016 17:47 via news.yahoo.com

Wall Street weighed down by Apple

U.S. stocks were lower on Thursday as a drop in Apple shares weighed, a day after the tech giant unveiled the new iPhone 7 that failed to impress Wall Street. Apple fell 2.2 percent to $105.98, its steepest decline since June 24 when the markets witnessed a broad selloff following the Brexit vote result. Investor reaction to a drop in weekly jobless claims and the European Central Bank's expected decision to leave rates and stimulus program unchanged was largely muted.
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