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Apple worries weigh on US markets | |
(about 7 hours later) | |
(Close): Concerns about slowing sales at Apple dragged the company's share price down on Thursday, causing losses on the wider Nasdaq index. | |
Apple was temporarily forced to give up its title of most valuable company and ended the day down 2.4%. | |
The tech-focused Nasdaq slid 23.35 points to 4,737.33, while the S&P 500 fell 0.35 to 2064.11. | |
The Dow Jones Industrial Average gained 9.38 points to 17,720.50 off the back of gains in oil prices. | |
Exxon Mobile and Chevron shares both climbed 1%, while the price of a barrel of US crude rose by 0.6% to $46.51. | |
Monsanto was one of the day's best performing stocks, following reports that Bayer and BASF are planning bids. | |
Shares in the world's largest seed producer were up 8.4%. | |
US fashion house Ralph Lauren said sales were down, but by less than expected. The better-than-expected corporate statement boosted its shares by 2.8%. |
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