News Snapshot:
The Nasdaq tumbled in mid-morning trading on Thursday, dragged down by Apple. Shares of the tech giant continued to fall after reports that China has forbidden government officials from using its iPhone and it plans to extend the ban to state companies. The move is a headwind for Apple in its biggest overseas market, which is also its global production base. The Dow Jones Industrial Average (^DJI) hugged the flatline, with the other major stock gauges under pressure after all three closed in the red on Wednesday. The S&P 500 (^GSPC) dropped around 0.4%, while the tech-heavy Nasdaq Composite (^IXIC)...
