Monday , October 25 2021

Apple shares are ahead of the American stock exchanges


Traders on the New York Stock Exchange

Already last Friday he fell on Wall Street.

(Photo: Reuters)

New YorkThe popular stock market Apple lost its investors' favor on Monday and attracted Wall Street to it. New York investors withdrew from the technology giant from California after the key provider of the iPhone & # 39; and downgraded their forecasts.

Apple's shares fell by about five percent. Investors are worried that the good times for Apple have come to an end. Recently, the company warned that expectations of sales on Wall Street are unlikely to be met in the important holiday quarter.

Dow Jones's insolvency rate closed 2.3 percent to 25,387 points. The wider S & P 500 gave slightly below two percent to 2,726 meters. The Nasdaq technology exchange rate lost 2.8 percent to 7,200 points. At the end of last week, he fell on stock exchanges in the US – especially in the case of technological inventories.

Profits from suppliers such as Lumentum, responsible for the iPhone & # 39; face recognition technology, have caused Apple's excitement. The company has announced that it will not be able to achieve its sales and profit targets set just a few days ago due to the reduction in the size of the large customer order. Lumduum shares fell and lost about 30 percent.

Even cigarette manufacturers such as Altria and Philip Morris have run out of steam – though not as dramatic as Apple's supplier. Investors separated from producers Marlboro and Benson & Hedges, according to a press release, will soon be banned from menthol cigarettes. Altria shares are closed at 3.5, and Philip Morris shares about 1.4 percent.

Conglomerate General Electric, which this year flew out of Dow Jones, also suffered heavy losses. His share price dropped by almost seven percent after CEO Lawrence Culp announced that he was pushing for the sale of the company's assets in order to raise cash.

It also did not help that Culp had previously promised to reduce the company's debt. Because now he also announced that GE would lose its sales targets in 2018. "In retrospect, we were able to stick to too high revenue targets for too long this year," he told CNBC on Monday.

Goldman Sachs also collapsed, the investment bank was fined on the stock exchange for the Bloomberg report that Malaysia is seeking a refund of fees associated with the billionth business of a restless state monopoly. Goldman Sachs shares fell by 7.5 percent.

The return of investors is also troublesome for investors, because a higher exchange rate reduces the outlook for profits of American companies on the global market. The euro lost about one US cents to USD 1.1241. It was the lowest level since June 2017. "King Dollar is back," said analyst Valentin Marinov from the French bank Credit Agricole. European currencies seemed to have been hit.

Wall Street closes the day low – Apple in Focus

First of all, many investors prefer the dollar to the dollar The Fed has already raised interest rates several times and will most likely fall in December. This makes government bonds more attractive than stocks. Credit markets in the US remained closed on Monday due to holidays.

On the New York Stock Exchange, about 560 million shares changed the owner. 970 values ​​increased, 2611 fell, and 185 remained unchanged. On the market, Nasdaq closed the sale of nearly two billion shares, 747 titles in plus, 2342 in the red and 144 at the unchanged level. Credit markets in the US remained closed on Monday due to holidays.

With agency material.

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