While you were sleeping: Apple, Nike weigh on Wall St

Thu, 08 Sep 2016

By Margreet Dietz Sept. 9 (BusinessDesk) - Wall Street moved lower as slides in Nike and Apple shares outweighed a gain in energy stocks. The latest US claims data pointed to signs strength in the labour market, hot on the heels of disappointing economic data that have cooled expectations for a Federal Reserve interest rate hike this month. A Labor Department report showed that initial claims for state unemployment benefits unexpectedly fell, declining 4,000 to a seasonally adjusted 259,000 for the week ended September 3. The Fede...

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