Tech leads US stocks lower as Wall Street worries about path of interest rates

Thu, 09/07/2023 - 09:35

People experience new products such as mobile phones, computers and TVS at the Apple flagship store in Xi 'an, Shaanxi province, June 3, 2023. — People test products at the Apple flagship store in Xi 'an, Shaanxi province, June 3, 2023. Apple stock fell Thursday on fears of China's crackdown on iPhone use.
Cang Hai/CFOTO/Future Publishing/Getty Images

US stocks dropped on Thursday, led by tech shares. The Nasdaq was down more than 1%.
Traders are mulling the outlook for rates amid fresh data and comments this week from Fed officials.
Apple dropped more than 3%, extending losses on Wednesday as China cracks down on iPhone use.

US stocks dropped on Thursday as investors assessed the path of interest rates in the face of new data and comments this week from central bank officials.