The Dow Jones Industrial Average lost 215.65 points, or 0.69 percent, to 31,072.61 — accelerating losses in the final hour of trading and erasing a 356 point jump earlier in the day. The S&P 500 fell 0.84 percent to 3,830.85. The Nasdaq Composite declined 0.81 percent to 11,360.05
A report from Bloomberg suggested Apple Inc. will throttle back spending and hiring in some of its business divisions in its coming fiscal year, which begins in October.
Goldman Sachs posted earnings and revenue that easily beat expectations, reporting that the firm’s fixed income traders generated about $700 million more revenue than expected. Shares popped 2.51 percent.
Meanwhile, Boeing shares fell on news that Delta Air Lines was buying 100 737 Max 10 planes. Shares of Delta jumped about 3.5 percent.
The August gold contract was up US$6.60 at US$1,710.20 an ounce.
Brent crude contracts for September, the global pricing benchmark, rose $1.81 to $97.59 per barrel.