US STOCKS-Wall St falls as Apple drags, sharp rate cut hopes fade

U.S. stocks fell on Monday, dragged down by losses in Apple and Boeing and as investors cut back bets of an aggressive interest rate cut by the Federal Reserve later this month. A surprisingly strong June jobs data on Friday has forced traders to reassess expectations of an aggressive rate cut, even as a reduction is still expected at the Fed's July 30-31 policy meeting.

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