Wall Street falls as Apple hits two-year low

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 6, 2016.

Wall Street lost its early gains on Thursday to turn negative in late morning trading after Apple fell to an almost two-year low.

The stock was the biggest drag on the three major indexes, after falling as much as 3.2 percent to $89.56, its lowest since May 2014.