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Tech stocks pressure Wall Street; Apple down ahead of event


By Shreyashi Sanyal(Reuters) - The Nasdaq fell on Wednesday, weighed down by a drop in Apple on fears of further regulation, while a rise in energy stocks and a report of fresh U.S.-China trade talks helped keep the S&P afloat and boost Dow Industrials.Six major web and internet service companies, including Apple, are to detail their consumer data privacy practices to a U.S. Senate panel on Sept. 26, raising the specter of the possibility of stricter regulation.Apple was down 1 percent, weighing the most on the three major indexes. The stock was trading higher premarket, ahead of an event ...

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First Published: Wed, September 12 2018. 22:31 IST