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Market Snapshot: Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending

U.S. stocks gave up early gains on Monday after Bloomberg reported that Apple Inc. plans to slow hiring and spending growth in some divisions next year in anticipation of a potential economic downturn.

How stocks are trading

On Friday, the Dow rose 658 points, or 2.2%, as it and the S&P 500 and the Nasdaq Composite trimmed weekly losses.

What’s driving markets

A…

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