X

Friday, January 4, 2019

Apple shares lose $106b in value as Wall Street dives

Apple shares lose $106b in value as Wall Street dives




Stocks went into a steep slide on Thursday after Apple sent a shudder through Wall Street with word that iPhone sales in China are falling.
The rare warning of disappointing results from Apple reinforced investors' fears that the world's second-biggest economy is losing steam and that trade tensions between Washington and Beijing are making things worse.
The Dow Jones Industrial Average plunged 660 points, and the broader S&P 500 index fell 2.5 per cent.
Apple stock plummeted 10 per cent, erasing more than $US74 billion ($106 billion) in market value. Technology companies and other major exporters, including heavy-machinery companies, also took big losses.
READ MORE.

No comments:

Post a Comment

Thanks for watching

Popular Posts

Popular Posts