Nasdaq tumbles as Apple losses deepen, Fed's next move in focus: Stock Market News Today

The Nasdaq tumbled on Thursday, dragged down by Apple's continued slump, as shares of the tech giant continued to fall after reports that China has forbidden government officials from using its iPhone and it plans to extend the ban to state companies. The Dow Jones Industrial Average was the only index in the green on Thursday, up a modest 0.2%. The S&P 500 dropped about 0.3%, while the tech-heavy Nasdaq Composite plummeted roughly 1% as Apple sank nearly 3%.