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.