US indices trade negative as Apple suffers worst day since 2013
- US Market
- 2 weeks ago
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