US stocks sink despite Apple's jump on iPhone sales
NEW YORK (AFP) - US stocks closed firmly in the red on Monday, extending Friday's losses, amid uncertainty about the Federal Reserve's stimulus taper plans.
A big bounce by heavyweight Apple on news of record sales of its new iPhone models was not enough to push the Nasdaq higher.
The Dow Jones Industrial Average dropped 49.71 points (0.32 per cent) to finish at 15,401.38.
The broad-market S&P 500 index fell 8.07 (0.47 per cent) to 1,701.84, while the Nasdaq Composite lost 9.44 (0.25 per cent) at 3,765.29.