US stocks : Dow up 0.2 pct
But Dell Inc's stock jumped 12.8 percent to $12.28, offsetting some of the tech-sector weakness, after Bloomberg TV said the No. 3 personal computer maker is in talks with private equity firms to go private.
Apple lost 3.1 percent to $505.33 and was the biggest weight on both the S&P 500 and Nasdaq 100 indexes after reports that the company has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The stock earlier hit a session low of $498.51, the first dip below $500 since Feb. 16.
"It's clear from (Apple's) reducing their supply orders that the sales haven't met their expectations, though certainly the orders they put into place for the iPhone 5 displays were higher than those that were in place for the prior phone," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
"Certainly, the rate of growth that they had - the tremendous surge in their revenue, stock price, all things do eventually slow and come down, so it's not a big surprise."
Apple suppliers also lost ground, with Cirrus Logic off 8.7 percent to $28.82 and Qualcomm down 1.4 percent to $63.98. The S&P tech sector declined 1 percent as the worst performer of the 10 major S&P sectors.
The Dow Jones industrial average was
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