US STOCKS-Wall St slumps as Apple sinks to two-year low

jueves 12 de mayo de 2016 13:18 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 0.31 pct, S&P 0.44 pct, Nasdaq 1 pct (Updates to early afternoon)

By Tanya Agrawal

May 12 (Reuters) - U.S. stocks were lower in early afternoon trading on Thursday, with the Nasdaq dropping more than 1 percent, after Apple fell to a two-year low and healthcare stock also tumbled.

Apple was the biggest drag on the three major indexes, falling as much as 3.3 percent to $89.47, its lowest since June 2014, as worries festered about slowing demand for iPhones.

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...