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Wall Street Continues To Fall
0 Views • Jan 04, 2019
Description
According to Reuters, U.S. stocks slumped on Thursday, after Apple Inc’s rare sales warning exacerbated fears that the Sino-U.S. trade war and a slowing China economy would eat into corporate profits, with weaker-than-expected U.S. factory data adding to nerves.
Apple (AAPL.O) sank 8.5 percent, the biggest drag on the three major Wall Street indexes, after the company slashed its holiday-quarter revenue forecast on slowing iPhone sales in China, the first major warning with the U.S.
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