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US STOCKS-Wall St slides as economic data stokes inflation worries, Apple drags

News Snapshot:

Wall Street stocks fell on Wednesday after stronger-than-expected services sector data fueled concerns of sticky inflation and interest rates staying higher for longer, while weakness in Apple Inc shares further weighed down the indexes. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing Purchasing Managers' Index rose to 54.5 last month against expectations of 52.5, while a gauge of prices paid by service-sector businesses for inputs increased. Traders' bets that the Federal Reserve would pause hiking interest rates at its Sept. 19-20 meeting were 91%, while bets on a pause in November slipped to 46.8% from nearly 57%…

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