NIFTY 50

Wall Street plunges as factory data, Apple warning fuel slowdown fears

Updated : January 04, 2019 08:27 AM IST

The magnitude of Apple's holiday quarter revenue shortfall sent shockwaves through the technology sector, which pulled all three major US stock indexes down more than 2 percent, with the Nasdaq posting a 3 percent loss.
S&P Technology companies slid 5.1 percent, its biggest one-day percentage drop since August 2011.
Late Wednesday, Apple chief executive Tim Cook wrote in a letter to investors that the company had not foreseen the extent of China's economic deceleration, which was exacerbated by US-China trade tensions. The iPhone maker's shares dropped 10.0 percent.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV