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New York - Slumping Apple shares hit the tech-rich Nasdaq on Thursday, snapping a two-day streak of record highs as US markets broadly finished lower.
Apple's 2.6% decline came one day after the technology giant unveiled new iPhones and a second-generation Apple Watch that drew mixed reviews.
The Nasdaq Composite Index lost 0.5% at 5 259.48.
The Dow Jones Industrial Average fell 0.3% to 18 479.91, while the broad-based S&P 500 dropped 0.2% to 2 181.30.
"I think the story of the day were the reactions to the iPhone7," said Mace Blicksilver of Marblehead Asset Management. "More than anything else it put Nasdaq in a depressed mood."
Twitter meanwhile sank 5.9% ahead of a board meeting as doubts rose about reports that surfaced last week that the company could be ready to entertain a takeover proposal.
Petroleum-linked stocks rose with oil prices. Dow member ExxonMobil gained 0.9%, Halliburton 1.3% and Devon Energy 2.4%.
Dow member Nike dropped 2.7% after PiperJaffray downgraded the athletic footwear and apparel giant, citing rising competition from Adidas, Puma and other brands in Europe.
Walgreens Boots Alliance rose 2.2% and Rite Aid 5.9% after Walgreens Boots said it expects its acquisition of its smaller drugstore chain rival to close in the second half of 2016.
Walgreens Boots expects to sell between 500 and 1 000 stores to win regulatory approval.
Tractor Supply Company slumped 16.9% after forecasting that third-quarter comparable store sales would be from flat to a decline of 1%.
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