US STOCKS-Wall St weighed by Apple but banks shine on

martes 30 de agosto de 2016 16:39 GYT

* Apple slips, Irish govt orders company to pay $14.5 bln in taxes

* Hershey plunges after Mondelez ends pursuit

* United Continental hires American Airlines' No. 2, shares jump

* Indexes down: Dow 0.26 pct, S&P 0.2 pct, Nasdaq 0.18 pct (Updates to close)

By Rodrigo Campos

NEW YORK, Aug 30 (Reuters) - Apple Inc was the largest weight on U.S. stock indexes on Tuesday after antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline.

The S&P 500 fell for the fourth time in five sessions, but was still within 1 percent of its record closing high set earlier this month. Cyclical sectors, which are expected to perform better in an expanding economy, have taken the lead in the past few weeks as economic data paints a rosier picture of the U.S. economy.

U.S. consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market. Payrolls data on Friday could strengthen the case for higher U.S. interest rates, as has been hinted over the past week by Federal Reserve officials.

Bets on a bottoming out of bond yields have given support to bank stocks of late. The S&P 500 financial sector is up 1.8 percent so far this week, compared with a 0.3 percent advance for the S&P.   Continuación...