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US indices trade negative as Apple suffers worst day since 2013

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  • US Market
  • 4 months ago
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U.S. indices have taken another hit into the new year as concerns over a slowing global economy seems to be gripping investors’ sentiment and a weak U.S. manufacturing data.

The DJIA is down by 2.9%, the S&P 500 retreated by 2.47% as the tech sector had a disastrous day, seeing an overall loss of 5.07%.

Meanwhile the Nasdaq did not get a helping hand as it too fell by 3% mainly due to Apple’s worst day since 2013, as it lost close to 10%.

Other big tech names that were dragged in negative territory were AMD with a colossal loss of 9.45%, Nvidia falling by 6.4%, Qorvo by 9.06% and Skyworks which tumbled by more than 10%.

And it wasn’t all tech either as companies with big Chinese business also suffered, Caterpillar saw a decline of 3.9% and Boeing by 4%.

 

Source: Smart Trend Team