S&P 500 slips with Apple, lingering fears on global growth

NEW YORK: The S&P 500 Index ended a choppy session slightly lower on Monday as worries about a slowdown in global economic growth lingered and as Apple Inc shares fell after the company unveiled its video streaming service.

The yield curve inversion, if it holds, is seen by some as an indicator that a recession is likely in one to two years. Ten-year notes were last yielding about 2.4 percent. Apple shares fell 1.2 percent and were the biggest drag on indexes. The iPhone maker unveiled its long-awaited Apple TV+ original content streaming service and Apple TV Channels subscription service, joining a crowded market for streaming options.

Top U.S. officials travel to Beijing for the latest round of high-level talks, which are scheduled to start on March 28.

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