U.S. stocks slump amid Apple losses, tech sell-off
U.S. stocks slump amid Apple losses, tech sell-off
Tech giants slide, pulling US stock market sharply lower
15 November, 2018, 08:30
The Dow Jones Industrial Average fell 550.38 points, or 2.12 per cent, to 25,438.92, the S&P 500 lost 48.95 points, or 1.76 per cent, to 2,732.06 and the Nasdaq Composite dropped 187.49 points, or 2.53 per cent, to 7,219.42.
APPLE: The tech tumble followed an analyst report that suggested Apple significantly cut back orders from one of its suppliers.
Also improving the market's direction was a rebound in technology stocks, which jumped 0.7%, to recover from a steep sell-off on Monday when Apple shares took a hit on worries about a slowdown in sales of iPhones.
The S&P 500 index fell 4.04 points, or 0.1 percent, to 2,722.18. Goldman Sachs was the biggest drag on the Dow, which fell more than 2 per cent. The Russell 2000 index of smaller companies gave up 15 points, or 1 per cent, to 1,534.
Stocks appeared to have regained their footing after a skid in October snapped a six-month string of gains for the S&P 500.
ENERGY: Benchmark U.S. crude fell 87 cents to $59.04 per barrel in electronic trading on the New York Mercantile Exchange. "With our proven ability to deliver high volumes, years of experience, hundreds of millions of devices in the field, and new product and customer funnel, we remain confident in our leadership position in the nascent market for laser diodes for 3D sensing", said Alan Lowe, President and Chief Executive Officer of Lumentum.
SCORCHED: PG&E tumbled 12.9 percent to $34.77 after the electric utility told regulators that a high-voltage line experienced a problem near the origin of one of the major California wildfires before the blaze started.
Amazon and Alphabet declined 3.35 per cent and 1.69 per cent, respectively. Energy Minister Khalid al-Falih said on Sunday that kingdom would cut production by more than 500,000 barrels per day in December. Facebook gave up 2.5 percent and JPMorgan Chase fell 1.8 percent.
CURRENCIES: The dollar slipped to 113.79 yen from 113.80 yen on Friday. The euro fell to $1.1240 from $1.1336.
Tech stocks were also weak in Europe as the pan-European STOXX 600 index lost 0.84 per cent.
In Asia, stocks were generally mixed with the Nikkei 225 down 459 at 21,810, while the Shanghai Composite Index added around 24 points at 2,654. Australia's S&P-ASX 200 gained 0.3 percent.
Stan Lee , the founder of Marvel Comics, has died after suffering from massive illness over the past few years in Los Angeles . I think when you're a writer, any character you write you have to have a feeling for or you won't be able to write it well.
More than 130,000 acres have been burned in the blaze , which was only 35 percent contained at the time of the news conference. Interior Secretary Ryan Zinke visited the communities affected by the fire on Wednesday alongside California Gov.
Barrett said that after the initial shock, the All Blacks consolidated and got their game back on track. Hansen added: "I thought England were very, very good and I thought we showed a lot of character".
The opening of 11.11 global shopping event was enlivened by performances featuring Mariah Carey, Cirque du Soleil and many more. The explosive start to Singles' Day comes as little surprise despite some recent shakiness in the Chinese economy.
Former-aide for the Clinton family, Mark Penn , claims Hillary is planning another bid for the presidency in 2020. Long-time confidants of Ms Clinton poured hot water on the prediction she would run again in two years.
Bryant joined the Saints after spending seven months as a free agent following his release from the Cowboys in April. When asked what made this situation different, Bryant said, "For one, who wouldn't want to play with Drew Brees? ".
The Woolsey Fire in Ventura County has now affected more than 83,000 acres with 10% of the fire contained. The fire season, which started in early summer, is poised to break records for a second year in a row.
As Los Angeles fire chief Daryl Osby took the podium, strong gusts swirled smoke, ash and dust through grey skies. The revised death toll means the disaster has matched the deadliest wildfire on record in Californian history.
Nelson campaign seeks to lift Florida recount deadlines
Critics have called Scott's response dictatorial, while the president has accused Democrats of trying to steal the elections . Then the canvassing board will re-examine the ballots to make sure they're correct before they're recounted.
More heavy rain for Tuesday
Thursday night into Friday morning, showers will clear our region, and clouds will slowly begin to break. On Thursday it will be mostly dry but cloudy with sunny spells as temperatures head towards 63F (17C).
Pakistan share ODI series with New Zealand
Ferguson´s previous best of 3-17 came against the West Indies at Christchurch in December past year . With him Saad Ali is also included in the 15 member squad for the first two Tests.
Army gives Blue Devils a good fight
After all, it's tough to blame anyone for reacting that way after seeing what the young Blue Devils core did on Tuesday night. Reddish chipped in 25 points of his own with seven three-pointers accounting for the bulk of that total.
Ends refueling of Saudi planes
The rebels have since been driven out of virtually all of the south and much of the Red Sea coast, with the exception of Hodeidah. The Saudi-led coalition backing Hadi has come under intense global scrutiny for the role it plays in the conflict.