Gold rallies on US-China row, Apple news slams stocks


The Dow Jones Industrial Average fell 353.51 points, or 1.31%, to 26,652.33, the S&P 500 lost 40.36 points, or 1.23%, to 3,235.66 and the Nasdaq Composite dropped 244.71 points, or 2.29%, to 10,461.42.

NEW YORK: The dollar slipped to an almost two-year low and gold rose further on Thursday as a gauge of global equities retreated on concerns about a potential probe of Apple Inc, which knocked the wind out of the high-flying tech sector.

Multiple U.S. states are investigating Apple for potentially deceiving consumers, according to a March document obtained by a tech watchdog group. Apple shares fell 4.55% and pulled the Dow, Nasdaq and S&P 500 lower.

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Apple , gold , dollar , stocks , Dow Jones , Nasdaq , S&P , US-China tension ,

   

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