US stocks turn lower as Apple reportedly plans to slow hiring and spending amid economic uncertainty


The planned changes won’t cover all teams at Apple, and the iPhone maker still plans an expanded product launch next year that includes a so-called mixed-reality headset, sources told Bloomberg.

The news soured early morning sentiments on the heels of a strong earnings report from Goldman Sachs. Wall Street will also see earnings from Tesla, Johnson & Johnson, Netflix, United Airlines and Verizon this week.

Here’s where US indexes stood after the 4 p.m closing bell on Monday

And the Paris-based International Energy Agency Executive Director Faith Birol said in a note Monday that swift and aggressive steps must be taken to ensure Europe has enough natural gas this winter as Russia’s war on Ukraine continues to batter energy markets.

Crude oil was higher, with West Texas Intermediate rising 4.71% to $102.25 a barrel. Brent crude climbed 4.7% to $105.87.

Gold was little changed at just above $1,700 per ounce.



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