Wall St extends losses as recession worries mount, Apple drops2 min read . Updated: 07 Dec 2022, 09:22 PM IST
- The benchmark S&P 500 fell for a fifth straight session and the Nasdaq for a fourth, dragged down by a 1.4% drop in Apple Inc shares on Morgan Stanley's iPhone shipment target cut due to production delays at a Foxconn plant in China
U.S. stock indexes fell in choppy trading on Wednesday as investors assessed the warnings of a looming recession from major Wall Street bankers, while Apple shares fell on analyst projections of lower iPhone shipments.
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