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Wall Street drifts as Apple slides, energy gains

Reuters  |  NEW YORK 

By Rodrigo CamposNEW YORK (Reuters) - 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 intraday high.Apple dropped 1.1 percent to $159.15 on concerns about the newly-launched iPhone X's hefty price tag and its later-than-expected availability date of Nov. 3. The stock is still up 37 percent this year so some analysts said it was an opportunity to cash in gains."Apple to a certain extent is a 'sell the news' event," said Art Hogan, chief market ...

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First Published: Thu, September 14 2017. 01:15 IST