Economics
Nasdaq Declines as Apple Tumbles; Emerging Markets Rally
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The Nasdaq Composite Index fell as Apple Inc. tumbled while investors assessed the prospects for a resolution to the conflict in Ukraine. Emerging-market stocks rallied and the ruble jumped with oil prices.
The Nasdaq Composite lost 0.6 percent at 4 p.m. in New York, as Apple declined 4.2 percent. The Standard & Poor’s 500 Index fell 0.1 percent to 2,000.72, erasing gains after reaching an all-time high. The MSCI Emerging Market Index advanced 1.3 percent to its highest level in three years, and the Stoxx Europe 600 Index rose 0.7 percent to the highest since July 4. Russia’s ruble strengthened 1.6 percent and Brent oil rose 2.4 percent.