New York Report: Apple at core of Nasdaq fall

US STOCKS yesterday ended mostly down, as a decline in Apple shares dragged the Nasdaq lower and investors held off on big bets before today’s European Central Bank policy meeting.

The Dow Jones industrial average rose 10.72 points, or 0.06 per cent, to 17,078.28. The S&P 500 ended down 1.55 points, or 0.08 per cent, at 2,000.73. The Nasdaq Composite lost 25.62 points, or 0.56 per cent, to end at 4,572.57.

Apple shares slid 4.2 per cent to $98.94 in their worst percentage decline since 28 January. Apple has been grappling with a possible security breach of its iCloud service just a week before the launch of its new iPhone.

Airline shares fell after Delta Airlines, down 5.2 per cent to $38.82, trimmed its operating margin forecast and said its international passenger traffic fell slightly in August.