U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production.
Wall Street stocks tumbled on Monday as protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production.
What happened
Shares of Israeli container shipping company ZIM Integrated Shipping Services (NYSE: ZIM) tumbled 3.4% through 11:05 a.m. EST Monday -- and it's no huge secret why. Across the shipping world, stocks including ZIM, Costamere, and Danaos Corporation are all sliding to
Wall Street's main indexes fell on Monday as protests in major Chinese cities against strict COVID-19 policies sparked concerns over economic growth and dragged commodity-linked shares lower, while Apple slid on worries about a hit to iPhone production.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $80.8 million dollar outflow -- that's a 0.03% decrease week over w
Wall Street's main indexes fell on Monday amid worries about protests in major Chinese cities against strict COVID-19 policies, although gains in Amazon helped limit losses as Cyber Monday sales were set for a record.
Investors weren't entirely in the holiday spirit coming back from the long Thanksgiving break, and Wall Street saw stock indexes fall after they posted solid gains last week. The Nasdaq Composite (NASDAQINDEX: ^IXIC) opened down about 0.6% Monday morning when the trading session
Shares of Apple Inc fell 1.4% on Monday as growing worker unrest at the world's biggest iPhone factory in China fanned worries of a deeper hit to the already constrained production of higher-end iPhone 14 models.
FAANG stocks, which includes Meta Platforms (NASDAQ: META), previously called Facebook, Amazon (NASDAQ: AMZN), Apple, Netflix, and Alphabet, previously called Google, have all seen dramatic share price declines after their respective third-quarter earnings results.
Apple (NASDAQ: AAPL) has long depended on a small number of Chinese and Taiwanese factories to assemble most of its ultra-popular iPhone devices. In mainland China, Foxconn's assembly lines churn out Apple products at an immense scale. Foxconn's main plant in Zhengzhou employs 20
Technology stocks were leaning lower premarket Monday. The Technology Select Sector SPDR ETF (XLK) and the Semiconductor Sector Index Fund (SOXX) were down more than 1% recently.
Shares of Apple Inc. AAPL fell 2% following news that a Foxconn plant in China will reduce iPhone shipment in November.Shares of Activision Blizzard Inc. ATVI tumbled 4.1% following news that the FTC may sue Microsoft Corp. MSFT to block its $69 billion takeover bid of th
Wall Street's main indexes were set to open lower as protests in major Chinese cities against strict COVID-19 policies reignited concerns about economic growth, while Apple slipped on a report of disruption in production at a factory in China.
(RTTNews) - Apple Inc. may face production shortfall of as many as 6 million iPhone Pro units this year due to ongoing protests at its major China plant, Bloomberg reported citing a person familiar with assembly operations.
Last week was a step up investors long the market. The "three stocks to avoid" in my column that I thought were going to lose to the market last week -- Best Buy (NYSE: BBY), Luckin Coffee (OTC: LKNC.Y), and Apple (NASDAQ: AAPL) -- rose 13%, slipped 2%, and fell 12%, respectively
Shares of Apple Inc fell about 2% on Monday as growing unrest at a key Chinese plant fanned worries of a bigger hit to the already constrained production of higher-end iPhone 14 models.
As 2022 starts to close, it's only natural for investors to start peeking toward 2023. So far in 2022, the indexes have fared pretty miserably, with the Nasdaq-100 down 29% and the S&P 500 down 17%. Which one will have a better 2023?Let's look at these indexes and their makeu
U.S. stock index futures fell on Monday as protests in major Chinese cities against the country's strict zero-COVID policy re-ignited concerns about economic growth, while Apple shares slipped on a report of disruption in China production.