Stocks Fall as Tech Rally Halts, Oil Pares Gain: Markets Wrap
- Apple erases advance in anticipation of mixed-reality headset
- Treasuries little changed; dollar weakens against peers
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US equities edged lower Monday after both technology and energy stocks erased earlier gains in subdued trading volume.
Tech shares led the S&P 500 lower with Apple Inc. erasing gains of as much as 2% in anticipation of a new mixed-reality headset. Oil majors Chevron Corp. and Exxon Mobil Corp. also slipped after rallying earlier on higher oil prices following a Saudi Arabia supply cut.