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Nasdaq weighed down by falling Apple

The Nasdaq Composite has taken a sharp leg lower in mid-morning trading on Wednesday, pressured by a 2.6 per cent fall in Apple shares on the heels of less-than-glowing reviews of the newly launched Apple Watch 3.

The fall took the Nasdaq’s loss on the day to 0.34 per cent, or 6,439. The Dow Jones Industrial Averag, meanwhile, rose slightly to hit a new intraday high of 22,388.3, as did the S&P 500, which briefly touched a new high of 2,508.8 before falling back slightly.

Apple shares are feeling the pinch after multiple reviews panned several aspects of the new Watch, falling to $154.48.

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