US STOCKS SNAPSHOT-Wall Street drops as Apple slumps, Fed eyed

NEW YORK, July 8 (Reuters) - U.S. stocks fell on Monday as Apple Inc shares dropped following a broker downgrade and investors continued to weigh chances of an aggressive interest rate cut by the Federal Reserve later this month.

The Dow Jones Industrial Average fell 115.98 points, or 0.43%, to 26,806.14, the S&P 500 lost 14.46 points, or 0.48%, to 2,975.95 and the Nasdaq Composite dropped 63.41 points, or 0.78%, to 8,098.38. (Reporting by Caroline Valetkevitch; Editing by Dan Grebler)