US STOCKS-Wall Street moves lower on Apple, interest rate worries

martes 4 de agosto de 2015 16:39 GYT

* AIG, Allstate fall a day after results

* Lockhart points to September rate hike

* Disney down in extended trade, First Solar gains

* Indexes finish lower: Dow 0.27 pct, S&P 0.22 pct, Nasdaq 0.19 pct (Adds detail on volume, stock moves after the bell)

By Noel Randewich

Aug 4 (Reuters) - Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.

The iPhone maker's shares fell 3.21 percent to $114.64, firmly below their 200-day daily moving average, a key technical level closely watched by traders. The stock was the biggest drag on the three major U.S. indexes.

A slowdown in China and skepticism over demand for iPhones were contributing to pressure on Apple's shares, traders said.

"Apple has been the weak sister in the market today," said Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth Investments in Atlanta, Georgia. "But if you look at the sectors, most everything is down with the exception of materials."   Continuación...