Not concerned about Apple’s stock price slump: Donald Trump

Apple sells less iPhones than predicted due to Chinese trade war and cheap replacement batteries

Apple sells less iPhones than predicted due to Chinese trade war and cheap replacement batteries

This represents the biggest stock market dive since 5 December when USA stocks suffered a dramatic decline; the Dow Jones fell 800 points back then due to renewed concerns over Washington's trade dispute with China and indications of a possible looming economic recession. The tension has dragged on for almost a year, slowing business and dragging down stock indexes worldwide.

China's government said trade talks between the US and China will be held Monday and Tuesday. They fell even further after a weak manufacturing report suggested the trade war was harming both China and the United States' economy.

Analysts at Macquarie Capital said that the rate cut shows government efforts to support the economy have now moved to the "second level" and should signal to investors that more stimulus is in the pipeline.

And it puts us in a very strong position.

Stocks rose even further after Federal Reserve Chairman Jerome Powell said the central bank will be flexible in deciding if and when it raises interest rates. Wall Street feared that the Fed might be moving too fast in raising borrowing costs, said Phil Orlando, chief equity market strategist at Federated Investors.

Thursday's selloff shows how numerous same fears that made 2018 the U.S. stock market's worst in a decade are still roiling markets.

That lifted the annual increase in wages to 3.2 percent, matching October's rise, from 3.1 percent in November.

USA stock index futures fell sharply on Thursday after Apple Inc stunned investors with its first sales warning in more than a decade, deepening fears about a slowdown in China's economy and its impact on corporate profits.

"In the meantime, we've taken in billions and billions of dollars in tariffs from China, and from others". Last month, President Donald Trump and Chinese leader Xi Jinping agreed to 90-day ceasefire as a step toward defusing tensions, but that failed to calm the stock market.

Technology companies, banks, health care and industrial companies all made strong gains. Microsoft rose 4.6 percent to $101.90 and Deere gained 5 percent to $151.23.

Most people in the Western world probably own a smartphone of some kind and, as the devices become commoditised, it's harder for different companies to stand out.

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"We did not foresee the magnitude of the economic deceleration, particularly in Greater China", he said. The S&P 500 shed 2.5%, led lower by tech and industrial stocks. Smaller companies have fallen further than larger ones in the last few months as investors got nervous about how the US economy will perform in 2019 and 2020.

After the market's big drop in early December, stocks have whipsawed between huge gains and losses. Then again, with the political environment being what it is today, we can't realistically say that it's all that surprising. We'll see what happens.

Bond prices fell sharply.

Apple (AAPL), among the world's most widely held stocks, plummeted 10% in its darkest day in six years.

European shares recouped losses from a day earlier, with Germany's DAX gaining 3.4 per cent and France's CAC 40 rising 2.9 per cent. Britain's FTSE 100 advanced 2.3 per cent. It generated 51.94 billion dollars of revenues for Apple Inc.in the fiscal year ending September 30, 2018 with a year-on-year growth of 16 percent.

In Asia, Hong Kong's Hang Seng jumped 2.2 percent. South Korea's Kospi added 0.8%. The slowdown in the Chinese economy also impacted its revenue, he said.

The Nasdaq rose 96 points, or 1.5 percent, to 6,559. Brent crude, used to price global oils, was up 2 percent to $57.06 per barrel in London.

The dollar strengthened to 108.51 yen from 107.77 yen. The euro rose to $1.409 from $1.1391. The British pound rose to $1.2740 from $1.2630.

Third-quarter US growth was 3.4 percent, and unemployment is at a five-decade low.

This time, shortly after the decline, the Dow Jones regained points and the net fall, as of the time of publication, now stands at 409 points.

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