US stocks edged lower on Monday, trimming early gains, as investors weighed a much-anticipated product launch from tech giant Apple and continued hunting for clues about the future path of interest rate rises.
Wall Street’s S&P 500 closed down 0.2 per cent, paring a small advance that had lifted the benchmark index more than a fifth above a recent low in October 2022 — briefly taking it into technical bull-market territory.
Apple’s shares slid 0.8 per cent after the group unveiled a new “mixed-reality” headset, following gains of as much as 2.2 per cent in the run-up to the product launch.
Read the full story on the Financial Times here.