US Close 15 Nov 18: S&P 500 slides for fifth day

US stocks remained under pressure in the absence of fresh catalysts. Tech and bank stocks led the slump. Apple fell close to 3% following a broker downgrade and concerns about slower iPhone demand. The SPI is pointing to a slight lift on the open however has been a poor predictor of the market moves this week. A monthly update on the labour market will be a highlight while Fortescue & Wesfarmers hold AGMs.

 

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