Market Snapshot: Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

U.S. stocks gave up early gains to finish lower 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.Dow industrials posted their biggest drop in more than two weeks and, along with the S&P 500, are now down six of the past seven trading days.

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