US Close 9 Sept 16: US markets lower despite renewed takeover activity lifting news flow.

US sharemarkets eased modestly on Thursday. Grocery stocks eased on news of further price deflation. But energy stocks lifted in response to a spike of more than 4% in the oil price. And shares in Apple fell by 2.6% a day after releasing the new iPhone 7 device. After being down 80 points at one stage, the Dow Jones index ended lower by 46 points or 0.3%. The S&P 500 index fell by 0.2% and the Nasdaq lost 24 points or 0.5% from record highs.

 

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