U.S. Stock Market Opens Lower as Rare Forecast Cut by Apple Unsettles Wall Street
Thursday, 3 January 2019 21:46 WIB |
MARKET UPDATE |S & P 500Saham AS
U.S.stock indexes opened solidly lower Thursday as investors got their first chance to react to a late-Wednesday announcement from Apple Inc.
The iPhone maker cut its sales forecast, citing softness in China's economy, underscoring fears that the world's second-largest economy is contracting.
The Dow Jones Industrial Average declined 240 points, or 1.1%, at 23,103, the S&P 500 index fell 0.7% at 2,494, and the technology and internet-heavy Nasdaq Composite Index declined by 1.2% at 6,588.
Shares of Apple Inc. were down 8.4% By dint of its outsize market value and its share price, Apple's stock-price moves are influential in the Nasdaq and S&P 500 and the price-weighted Dow.
On the data front, private-sector employment jumped in December, as employers added a better-than-expected 271,000 jobs, Automatic Data Processing reported. In corporate news, Bristol-Myers Squibb Co. announced a $74 billion cash-and-stock acquisition of Celgene Corp.
Source : Market Watch