NEW YORK: Wall Street stocks retreated from records on Wednesday despite some strong earnings from retailers and Apple hitting a historic landmark as it became the first US company worthAnalysts pointed to profit-taking after Tuesday's session, which saw both the S&P 500 and Nasdaq end at all-time highs."You've had such a huge run," said Briefing.com analyst Patrick O'Hare.
Apple gained 0.1 per cent, retreating a bit from its peak earlier in the session when it became the first US company to reach US$2 trillion in market value, a surge that underscores how tech giants have benefited amid the pandemic.
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