Stocks Tumble as Apple Drags Tech Sector Lower - NBC Southern California
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Stocks Tumble as Apple Drags Tech Sector Lower

Apple shares fell 4.1 percent after Morgan Stanley said the company's iPhone sales for the June quarter will disappoint Wall Street

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    Stocks Tumble as Apple Drags Tech Sector Lower
    Spencer Platt/Getty Images, File
    People walk outside of the New York Stock Exchange on April 2, 2018.

    Stocks dropped on Friday as a decline in Apple pushed the technology sector lower. A rise in interest rates also kept a lid on equities, CNBC reported.

    The Dow Jones industrial average fell 201.95 points, or 0.8 percent, to 24,462.94 as Apple as the worst-performing stock in the index. The Nasdaq composite declined 1.3 percent to close at 7,146.13.

    The S&P 500 pulled back 0.8 percent to 2,670.14, with tech sliding 1.5 percent. The index also broke below its 50-day moving average, a key technical indicator.

    Apple shares fell 4.1 percent after Morgan Stanley said the company's iPhone sales for the June quarter will disappoint Wall Street.

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    [NATL] How A New Chinese Policy is Causing a Recycling Nightmare in the US

    China has implemented a new recycling policy called National Sword, halting all imports of recycled materials. The U.S. was sending about 40 percent of its recycled goods to china before the policy's implementation which means there is a lot of recycled material with nowhere to go. See how the policy is affecting local recycling centers.

    (Published Monday, Aug. 13, 2018)