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- Major US stock indexes finished trading in negative territory
Major US stock indexes finished trading in negative territory
Major US stock indexes have fallen significantly, as Apple’s stock crash, amid concerns over iPhone demand, hit its suppliers and technology sector amid mixed signals about the state of affairs between the United States and China over trade disputes.
AAPL shares fell by almost 4% after the publication of The Wall Street Journal reported that the company reduced production orders for new iPhones, presented in September.
In addition, as the data showed, the housing market index from the National Association of Housebuilders (NAHB) and Wells Fargo in November fell by 8 points, to 60 points. This is the lowest since August 2016. However, the index remains above 50, which indicates favorable sales prospects Recall the index was 69 points in November last year and reached a cyclical maximum of 74 points in December last year.
Most of the components of DOW recorded a decline (21 of 30). Outsiders were The Boeing Company (BA, -4.47%). The growth leader was Pfizer Inc. (PFE, + 1.54%).
Almost all sectors of the S & P finished trading in the red. The largest decline was shown by the technology sector (-3.3%). The increase was recorded only by the utility sector (+ 0.2%).
At the time of closing:
Dow 25,017.44 -395.78 -1.56%
S & P 500 2,690.73 -45.54 -1.66%
Nasdaq 100 7,028.48 -219.40 -3.03%
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