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Economic worries weigh on Wall Street

Video Credit: Reuters Studio - Duration: 01:14s - Published < > Embed
Economic worries weigh on Wall Street

Economic worries weigh on Wall Street

The S&P 500 dipped Monday after a choppy session.

As Fred Katayama reports, Apple shares fell, and worries about a global economic slowdown lingered.


Economic worries weigh on Wall Street

Stocks on Wall Street dipped Monday after a choppy session.

The Dow edged higher, but the S&P 500 and Nasdaq ended down for the second straight day.

All there indexes near the flatline.

A decline in Apple shares and concerns over slowing global growth weighed on those indexes.

Ladenburg Thalmann Asset Management chief operating officer, Jaime Desmond: SOUNDBITE: LADENBURG THALMANN ASSET MANAGEMENT CHIEF OPERATING OFFICER, JAMIE DESMOND (ENGLISH) SAYING: "I think the sentiment is left over from Friday.

It was quite a shake-up in the market to see the three-month and the ten-year inversion if you will on the yield curve.

This is an early sign generally speaking that a recession is to come." Apple shares fell.

The iPhone maker unveiled its new service that will allow users of its gadgets to stream TV and movies.

It also launched a news service that consolidates newspaper and magazine subscriptions for $10 a month.

Boeing shares lifted industrial stocks.

Ethiopian Airlines and Qatar Airways expressed confidence in the jet maker despite the recent crash.

Boeing said it'll brief pilots and regulators this week on software and training updates for its 737 MAX.

Viacom shares among the S&P 500's top gainers Monday.

The cable network operator behind MTV and Nickelodeon renewed its carriage contract with AT&T, averting a blackout of its programming.

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