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Market Snapshot: Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending

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U.S. stocks gave up early gains on Monday after Bloomberg reported that Apple Inc. plans to slow hiring and spending growth in some divisions next year in anticipation of a potential economic downturn.

How stocks are trading

On Friday, the Dow rose 658 points, or 2.2%, as it and the S&P 500 and the Nasdaq Composite trimmed weekly losses.

What’s driving markets

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