Midday Report: Apple Drags on Dow After Rare Downgrade; U.S. Crude at Session Lows

Stocks fluctuated after London terror attack over weekend. Seven people died and 50 more were injured in a terrorist attack near the busy London Bridge Station in the center of the British capital late Saturday U.S. crude was at session lows after a rift in Middle East. Four countries have cut diplomatic ties with Qatar over alleged terrorism links. It is not yet clear what the effect on global oil supplies will be. Services activity in U.S. expanded at a slower pace in April. The ISM non-manufacturing index came in at 56.9 in May compared with 57.5 in April. Time Warner's (TWX) Wonder Woman topped the domestic box office in its weekend debut. It was the best opening in the U.S. for a female-directed movie. Apple (AAPL) - Get Report dragged on Dow Jones Industrial Average after a rare analyst downgrade. Pacific Crest bumped Apple down to SECTOR WEIGHT on risks iPhone 8 sales may fall off in fiscal 2019