S&P edges lower as Apple weighs, trade tensions ease

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The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.

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NEW YORK (Reuters) – The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 12, 2019. REUTERS/Brendan McDermid

Declining issues outnumbered advancing ones on the NYSE by a 1.11-to-1 ratio; on Nasdaq, a 1.21-to-1 ratio favored advancers.

The S&P 500 posted 20 new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 20 new lows.

Volume on U.S. exchanges was 6.93 billion shares, compared with the 6.75 billion-share average over the last 20 trading days.

Reporting by Stephen Culp; editing by Jonathan Oatis


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The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.

Source: {authorlink}

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