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Stocks Dip as Energy and Consumer Goods Weigh on Market
Stocks closed modestly lower led by energy and consumer goods shares while tech rose on Apple. The Fed kept rates unchanged but signaled possible hikes later this year. Apple gained 6.6 percent to 103.03 amid strong quarter earnings despite weaker revenue and iPhone sales. Analyst expectations had been pressured, but investor optimism remains about upcoming product launches.
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New York
Apple
Federal Reserve
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Dow Industrials
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Dow Utilities
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Associated Press