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Apple halts Wall St rally, but S&P hits fresh record high

Apple dips as iPhone X shipping date later than expected; Nordstrom gains as founding family picks buyout partner


US stocks were little changed in late morning trading on Wednesday as Apple-led losses in technology 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 1.3 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. Also helping the market was potential progress on tax reform as President Donald Trump prepared to host Democratic and Republican House ...

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First Published: Wed, September 13 2017. 22:00 IST