|Day's Range||7,042.70 - 7,224.12|
|52 Week Range||6,630.67 - 8,133.30|
Apple shares and chip stocks fell following a report that the tech giant cut production of its newest iPhones
The Dow Jones Industrial Average was sinking midday Monday, pressured by a decline in Boeing Co.'s stock and Apple Inc. to start the holiday-shortened week. Boeing shares were exacting a roughly 100-point toll from the price-weighted blue-chip gauge, which was trading 425 points, or 1.7%, at 24,988, at last check. The S&P 500 index declined 1.7% at 2,691, while the Nasdaq Composite Index lost 2.7% at 7,050, with a drop in shares of Apple Inc. subtracting more than 50 points from the Dow and also pressuring the broader market. The Wall Street Journal over the weekend reported that production slowdowns at the iPhone maker were hurting its suppliers. Shares of Apple were down about 3.9%.
World stocks fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. Concerns about slowing economic growth also pushed down the dollar. The U.S. benchmark S&P 500 stock index opened lower as shares of Apple and its suppliers fell.
Paul Tudor Jones, a hedge-fund luminary, says he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead for that market segment.
U.S. stocks fell on Monday, as a slide in Apple's shares on concerns about iPhone demand hit its suppliers and the technology sector, with mixed signals over the state of play between the United States and China on trade dispute adding to the weakness. Shares of Apple Inc resumed its decline with a 3.5 percent fall after the Wall Street Journal reported the company has cut production orders in recent weeks for all three iPhone models launched in September.
Investing.com - U.S. stocks headed lower at Monday’s open, kick-starting a holiday-shortened week in negative territory, as investors digested mixed signals over developments on trade between the U.S. and China and a report of negative news for Apple dampened investor sentiment.
This has been a tough year for the stock market, massively tougher than last. Right now the Dow Jones (DIA) is clinging to a 2% gain, with the S&P 500 (SPY) about the same, and the Nasdaq (QQQ) still up 3%. But this has been a tough year that many thought would be easy. We started with a huge tax cut (mainly to corporations), but then quickly focused on tariffs, elections, and a potential slowdown next year. Volatility is up, profits may be peaking (really just growth is peaking), and we are limping into Macy’s Thanksgiving Day Parade. (At least they are having a good year with (M) up 30%). So why am I thankful? Let me count the ways.
Chip-maker Nvidia continued to slide Monday as the tech sector extended its decline from last week. The drop for Nvidia follows a 19 percent dip on Friday after it delivered its third-quarter 2019 earnings report.
Wall Street was lower on Monday as a slide in Apple shares due to demand worries hit the technology sector, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters. Shares of Apple Inc fell 2.5 percent after the Wall Street Journal reported the company has cut production orders in recent weeks for all three iPhone models launched in September.
U.S stocks opened the shortened week lower across the board on Monday. The Dow Jones Industrial Average opened down 80 points, the S&P 500 began the session down 0.2% and the tech-heavy Nasdaq Composite Index was down 0.6% at the opening bell. Investors continue to track trade tensions between the U.S. China and the ongoing plight of the U.K.'s departure from the European Union. In individual stocks, Nissan Motor Co. was in focus after Chairman Carlos Ghosn was arrested in Tokyo on Monday and Nissan said it intended to oust him from his post on the back of "significant acts" of financial misconduct.
U.S. stocks opened lower on Monday as shares of Apple and its suppliers were hit by ongoing concerns of slowing demand for iPhones, while conflicting signals of a potential truce in the China-U.S. trade ...
and semiconductor makers led a drop among tech stocks, dragging the broader market more than 1 per cent lower on Monday morning, and the Nasdaq Composite down more than 2 per cent. Shares in Apple slid more than 3 per cent after the Wall Street Journal reported that the company has slashed production orders in recent weeks for all three iPhone models launched in September. The report, coming just a week after a handful of Apple’s suppliers cut their earnings guidance, has cast further doubts over the growth outlook for the company’s flagship devices.
A strong earnings season isn’t sparing the stock market from a selloff, underscoring that “Wall Street doesn’t care what you’ve done in the past.”