S&P 500 Drops as Apple Slump Overshadows Dell Gain; Crops Rally

S&P 500 Drops as Apple Slump Overshadows Dell Gain; Crops Rally

Daniel Acker/Bloomberg

Shoppers stand in line outside an Apple Inc. store in Chicago. Apple cut production by about 30 percent last month, which may be the result of inventory rebalancing or lower consumer demand, according to Steven Milunovich, an analyst at UBS AG.