US STOCKS-Wall St falls as Apple hits two-year low

jueves 12 de mayo de 2016 11:19 GYT
 

* Apple hits two-year low, weighs on indexes

* Kohl's falls after posting drop in net sales

* Monsanto jumps on reports of possible bid for company

* Indexes down: Dow 0.05 pct, S&P 0.08 pct, Nasdaq 0.54 pct (Adds details, changes quote, updates prices)

By Tanya Agrawal

May 12 (Reuters) - Wall Street lost its early gains on Thursday to turn negative in late morning trading after Apple fell to an almost two-year low.

The stock was the biggest drag on the three major indexes, after falling as much as 3.2 percent to $89.56, its lowest since May 2014.

Adding to the day's pressure, data showed that the number of Americans filing for unemployment benefits unexpectedly rose last week to the highest in more than a year, raising further concerns about the health of the labor market.

"This week there is a lack of big macro news, so the market is hunting around for something to latch on to," said John Canally, investment strategist and economist for LPL Financial in Boston.   Continuación...