While you were sleeping: China, Fed hike weigh

Tue, 10 Nov 2015

By Margreet Dietz Nov. 11 (BusinessDesk) - Wall Street moved lower, while US Treasuries rose, amid fresh data showing the strength of the US economy and the weakening of growth in China. Shares of Apple fell, last 2.3 percent weaker, after Credit Suisse downgraded its projection for Apple’s earnings for 2016 and lowered its iPhone forecasts for next year, amid concern about demand for its iPhone 6s. Fresh data from China underpinned concern about the nation’s slowing growth at a time the US Federal Reserve is considering its first inte...

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