NEW YORK: US stocks slid on Friday as investors worried about a faltering economy after a government report showed May payrolls grew at the weakest pace in 21 months and crude oil prices topped US$55 a barrel.
Apple Computer Inc shares fell nearly 5% and hurt the tech sector, after a Website reported Apple was sitting on swelling inventories of its iPod digital music players. Apple helped drive the Nasdaq down more than 1% and also weighed on the S&P 500.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
