Wall Street Falls On Mixed Economic Data, Apple Weighs

US stocks, led by the Nasdaq, sold off on Thursday as Apple shares declined, and tech and biotech quarterly results disappointed. Upbeat economic reports added to uncertainty about the outlook for interest rates, a day after data showed the US economy had slowed to a crawl in the first quarter and the Federal Reserve pointed to weakness in the labor market and other areas of the US economy. Despite the day's decline, all three major indexes posted slight gains for April.

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