US stocks flat ahead of expected Apple iPhone 7 launch

NEW YORK (TIP): US stocks were little changed early Wednesday ahead of Apple’s expected launch+ of a new iPhone 7 and iPhone 7 Plus , and the Federal Reserve’s “Beige Book” report assessing economic conditions around the country.

Apple shares+ were flat a few hours before the San Francisco event, which could also see the introduction of a second-generation smartwatch.

About 35 minutes into trade, the Dow Jones Industrial Average was at 18,524.94, down 0.1 percent.

The broad-based S&P 500 lost less than 0.1 percent at 2,185.62, while the tech-rich Nasdaq Composite Index rose 0.1 percent to 5,281.54.

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