Stocks drop sharply after Apple warns of weak sales in China

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Apple's warning that its sales in China weakened over the holidays added to investors' fears that the global economy is losing strength.

 

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Steve Jobs made innovative new products. Tim Cook just changed their sizes.

Or maybe the new iPhones are trash and it’s not worth an upgrade from my iPhone 8? Is that a possibility?

Cook is cooking the books. Why? Volatility is a political disadvantage to Trump and the trade negotiations with China.

Apple's stock dived 9.2%. The Standard & Poor’s 500 index fell 52 points, or 2.1%, to 2,457. The Dow Jones industrial average slid 560 points, or 2.4%, to 22,785. The Nasdaq retreated 166 points, or 2.5%, to 6,499.

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Markets Right Now: Stocks slide after Apple sees China slumpNEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks slumped on Wall Street, led by a sharp slide in technology companies after Apple reported a slowdown in iPhone sales over the holidays in China. The 5 percent drop in tech stocks Thursday was the biggest for the sector since 2011. The Apple news jolted markets and reinforced fears that the global economy is slowing. A surprisingly weak report on U.S. manufacturing made matters worse. Apple dropped 10 percent, erasing $74.6 billion in value. Makers of phone parts also fell. MAGA Who'd wanna buy that money trap anyway Thank you Individual 1 for absolutely nothing.
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