Wall Street dragged by Apple, Amazon, fears of fresh tariffs
The upcoming tariffs will be on a list of items, announced in July, that included internet technology products, other electronics, printed circuit boards and consumer goods. Seven of the 11 major S&P 500 sectors were lower, with a 0.75 percent drop in the consumer discretionary sector leading the declines, weighed by shares of Amazon that fell 2.2 percent.
The technology sector dropped 0.34 percent pressured by a 1.4 percent decline in shares of Apple. Apple had earlier said tariffs could hit a "wide range" of its products. Image source: Reuters