S&P, Nasdaq fall, jobless claims data fuel rate jitters


The Dow rose 57.54 points, or 0.17%, to 34,500.73, the S&P 500 lost 14.34 points, or 0.32%, to 4,451.14 and the Nasdaq Composite dropped 123.64 points, or 0.89%, to 13,748.83.

NEW YORK: The S&P 500 and Nasdaq fell on Thursday, with the biggest drag from Apple and a sell-off in chip stocks over concerns about China's iPhone curbs, while a fall in weekly US jobless claims fed worries about interest rates and sticky inflation.

Shares in S&P heavyweight Apple Inc fell 2.9%, for its second straight day of losses on news that China had widened curbs on iPhone use by state employees, requiring staff at some central government agencies to stop using their mobiles at work.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

PETRONAS eases off the gas
IPPs plug back in
On golden pawn
Digital dreams, volatile reality
MNRB aims for Asia’s top five
Krishnan Tan confirms full cooperation with MACC probe into IJM
Ringgit to trade in tight range between RM3.95 and RM3.96 next week
McDonald’s Malaysia to invest RM1bil over five years, open 100 restaurants
Nestle Malaysia and UPM launch Halal@STEM programme for students
Youths say no to home buying

Others Also Read