U.S. stocks turned lower Monday following a report Apple (AAPL) plans to slow hiring and spending growth next year to prepare for a possible recession.
Bloomberg News reported Monday afternoon that the hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful during uncertain times,” citing people familiar with the matter who asked to remain anonymous. Shares slid roughly 1.5%.
The S&P 500 dipped 0.2%, while the Dow Jones Industrial…
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