US STOCKS-Wall St opens lower as Apple weighs

Reuters

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* Apple dips as iPhone X shipping date later than expected * Nordstrom gains as founding family picks buyout partner * Dow up 0.04 pct, S&P off 0.07 pct, Nasdaq down 0.21 pct (Updates to open) By Sruthi Shankar Sept 13 (Reuters) - The S&P and the Dow opened little changed on Wednesday, but the Nasdaq Composite was pulled lower by a 1 percent fall in Apple's shares on concerns about the new iPhone X's hefty price tag and delayed shipping. A Nov. 3 shipping date for the iPhone X, priced at $999, raised questions about supply constraints ahead of the holiday season. urn:newsml:reuters.com:*:nL2N1LT21G The three major Wall Street indexes hit record highs on Tuesday as the market closed higher for the second straight day. The indexes have been hitting record highs this year as they bounce back from periodic setbacks caused by turmoil in Washington, questions over U.S. interest rate hikes, doubts about the Trump administration's ability to push through its pro-business reforms, and lately, tensions over North Korea. "The slight weakness we're seeing this morning is after a two-day rally. The fundamentals and technicals, however, remain strong," said Peter Cardillo, chief market economist at First Standard Financial in New York. At 9:37 a.m. ET (1337 GMT), the Dow Jones Industrial Average .DJI was up 7.76 points, or 0.04 percent, at 22,126.62 and the S&P 500 .SPX was down 1.74 points, or 0.07 percent, at 2,494.74. The Nasdaq Composite .IXIC was down 13.77 points, or 0.21 percent, at 6,440.51. "There are concerns over the bull run, which is on several hope factors. But the list of worries is still there ... That would dampen the prospect of a stronger stock market," Cardillo said. Six of the 11 major S&P sectors were lower, with financials .SPSY leading the decliners. The energy index .SPNY was up 0.65 percent as oil prices rose after the International Energy Agency said a global surplus of crude was starting to shrink. O/R Apple's AAPL.O shares were down 1.08 percent at $159.17. Centene CNC.N rose about 6 percent after the health insurer said it would buy privately held Fidelis Care for $3.75 billion. urn:newsml:reuters.com:*:nL4N1LT58H Western Digital WDC.O fell more than 3.75 percent after Toshiba 6502.T agreed to focus on selling its chips unit to a group led by Bain Capital and SK Hynix 000660.KS , but did not rule out a deal with other bidders. urn:newsml:reuters.com:*:nL4N1LU1QF Nordstrom JWN.N gained 5.8 percent after a source said the Nordstrom family has selected private equity firm Leonard Green & Partners to help take the high-end retailer private. urn:newsml:reuters.com:*:nL4N1LT59N Declining issues outnumbered advancers on the NYSE by 1,266 to 1,195. On the Nasdaq, 1,308 issues fell and 954 advanced. (Reporting by Sruthi Shankar in Bengaluru; Editing by Savio D'Souza and Saumyadeb Chakrabarty) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6749 6328; Reuters Messaging: sruthi.shankar.reuters.com@reuters.net)) Keywords: USA STOCKS/

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