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Apple halts Wall Street rally, but S&P ekes out record high


By Sruthi ShankarREUTERS - U.S. stocks were little changed on Wednesday as Apple-led losses in tech stocks were offset by gains in consumer discretionary and energy stocks, which helped the S&P 500 inch up to a record intra-day high.Apple dropped 1.2 percent on concerns about the newly launched iPhone X's hefty price tag and its later-than-expected availability date of Nov. 3. The stock was the top drag on all the three major indexes.Indexes were also supported by President Donald Trump's efforts to push ahead with his plan to cut tax rates. House Speaker Paul Ryan said an outline will be ...

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First Published: Wed, September 13 2017. 22:41 IST