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Stock market news today: Rally fizzles as Apple sells off on earnings

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US stocks fall after erasing earlier gains as Apple sells off on earnings

Elsewhere, the Labor Department's jobs report for July showed payrolls expanded by 187,000, below estimates. But wages grew faster than expected, potentially adding pressure on the Federal Reserve to stay hawkish.

Here's where US indexes stood at the 4:00 pm ET closing bell on Friday:
 

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