Wednesday , January 20 2021

Apple takes Nasdaq to drop for Dow and S & P 500 profit day – at the last minute



The US stock markets ended with mixed land using Dow and S & P 500, which were linked to a trade agreement between China and the US and Nasdaq under pressure from Apple. The apple quota was still punished with estimates for current quarterly earnings and pulled the bulk of the technology sector.

Carla Pedro – Business News

On Monday session, the Dow Jones industrial average closed at 0.75% to 25460.38 points and Standard & Poor's 500 increased by 0.56% to 2,738.32 points.

Nasdaq Composite traded a contraction, eventually gaining 0.38% to 7328.85 points.

The technology industry was mainly based on Apple, and it continued to be punished with instructions for the quarter. The technology, led by Tim Cook, last Thursday, November 1, has produced quarterly quarterly fiscal reviews and estimates for the current period.

The lines on the front line were disconnected, but investors were flooded in the stock market, as there were no expectations for market consensus on its first fiscal quarterly earnings forecasts. In addition, less iPhone was sold than expected.

The Friday firm lost 6.63% and dropped by 2.84% today, with a fall of 9.47% over the last two sessions and no longer a trillion dollars for the baby, which was toppled in August last year, reaching $ 1 billion in market capitalization. It closed at the beginning of the week with a market value of $ 955.4 billion.

The performance of this poor Apple today continued to drag a large part of the technology industry, resulting in the fact that Nasdaq is the only index of three big indicators of Wall Street that will end in red.

The exception to this sector was Microsoft. Amazon is also subject to a Saudi boycott, as the Washington Post (which owns Amazon leader Jeff Bezos, who is also the largest shareholder in online retailers) has been hanging on the death of Saudi journalist Jamal Khashoggi.

Jamal Khashoggi was a writer for the Washington Post poll and last month he was killed in the Saudi Arabian Consulate in Istanbul, where he had gone out to get the necessary documents to marry.

On the other hand, Dow Jones and S & P 500 were led by the hope that the United States and China would be able to reach a trade agreement, thus stopping the mutual recruitment war.

However, nothing is clear and the market remains valid, despite recent optimism. Theft of intellectual property will be a severe friction. The United States yesterday accused a Chinese-owned company of stealing US-based chipset Micron Technology's business secrets.

On the day of oil price recovery, Dow and Standard & Poor's 500 also had an energy sector.

Investors have, however, shown great caution in the Monday session, with strong domestic political expectations: tomorrow focus will be on medium-term elections, which will determine whether the two congressional chambers (the Senate and the House of Representatives) will continue to be controlled by the Republicans.


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