Image: Reuters
Apple Inc shares fell after its supplier Hon Hai Precision Industry Co Ltd, known as Foxconn, suspended operations in China’s Shenzhen amid rising COVID-19 cases. “We’re seeing that rotation into value and away from growth,and a lot of that is tied to what’s happening to interest rates,” said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.The technology sector and consumer discretionary were among the biggest drags on the S&P 500.
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