The S&P 500 and Nasdaq fell on Thursday with Apple leading declines in megacap growth stocks on concerns over China’s iPhone curbs, while weaker-than-expected jobless claims data stoked worries about sticky inflation. Apple (AAPL.O) dropped 3.6% on news that China has widened curbs on the use of iPhones by state employees, requiring staff at some central government agencies to stop using their mobile phones at work. Bloomberg on Thursday reported that China planned to broaden the iPhone ban to state firms and agencies. Other megacaps Tesla (TSLA.O), Nvidia (NVDA.O) and Amazon.com (AMZN.O) fell between 1% and 3.4% in early trading. Shares of Apple suppliers including Skyworks Solutions (SWKS.O), Qualcomm (QCOM.O) and Qorvo (QRVO.O) also slid between […]
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