US: Apple worries send markets lower
Read more at The Business Times.Sign up Meanwhile, the tech-rich Nasdaq was essentially flat at 9,732.74, inching up just enough to set a new all-time high. "The big news is Apple, and the big worry is to what extent does it signal that the Chinese economy is going to come back slower than what the stock market is looking for? It is still a giant unknown," said Karl Haeling of LBBW. "It is not a surprise that Apple had to revise its target lower, but maybe the timing of it suggests that the magnitude of the problem is larger than expected." It wasn't gloomy everywhere. Walmart reported fourth quarter earnings that were below expectations, but the top private employer in the United States still closed with a gain of 1.5 per cent at US$119.63. Netflix was up 1.9 per cent and electric automaker Tesla climbed 7.3 per cent. But in a sign markets were truly rattled, gold saw its price jump 1.2 per cent to US$1,605.5 per-ounce indicating investors' increasing desire for a financial safe haven. Traders are looking ahead to US data on new housing construction set to be released on Wednesday morning, followed by minutes of the Federal Reserve's last policy meeting. AFP Read more: The Business Times
Asia stocks, US futures drop after Apple warningSYDNEY (BLOOMBERG) - US futures and stocks in Asia fell on Tuesday (Feb 18) after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.. Read more at straitstimes.com.
Australia: Techs drag shares lower as Apple outlook weighs; New Zealand at record highAustralia: Techs drag shares lower as Apple outlook weighs; NewZealand at record high
Wall Street opens lower as virus lingers, Apple suffers on results warningNEW YORK (AFP) - US stock markets opened lower on Tuesday (Feb 18) on the first day of trading from the long holiday weekend, after Apple warned its results would suffer from the viral outbreak in China.. Read more at straitstimes.com.
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