(CNBC) — U.S. stocks closed lower in light volume trade Tuesday as shares of Apple tumbled, offsetting gains in energy stocks as oil prices hit their highest in more than two years.
Apple shares fell more than 2.5 percent, tracking for their worst day since August, following a report from Taiwan's Economic Daily, citing unidentified sources, that Apple will cut its sales forecast for the iPhone X by 40 percent in the quarter to 30 million units. Shares of Apple suppliers such as Skyworks Solutions and Micron fell more than 2 percent and 4.5 percent, respectively.