US STOCKS-Financials help limit losses from tech decline

martes 30 de agosto de 2016 13:06 GYT
 

* Apple slips after being asked to pay Irish government $14.5 bln

* Hershey plunges after Mondelez ends pursuit

* Nonfarm payrolls data due Friday

* Indexes down: Dow 0.26 pct, S&P 0.15 pct, Nasdaq 0.15 pct (Updates to early afternoon)

By Yashaswini Swamynathan

Aug 30 (Reuters) - Apple dragged down U.S. stocks after EU antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but a gain in financial stocks limited the impact.

The iPhone maker's shares fell 0.9 percent, pushing the S&P 500 technology index to its biggest decline in nearly a week.

However, the markets are still focused on the U.S. Federal Reserve and its path to interest rates after Fed Chair Janet Yellen said last week that the case for a rate hike was strengthening.

"Equities are likely to turn sideways as investors enter a wait-and-see mode until greater evidence of economic growth comes forth," said Terry Sandven, chief equities strategist at U.S. Bank Wealth Management in Minneapolis.   Continuación...