NEW YORK | Markets Right Now: Stocks slide after Apple sees China slump
NEW YORK —Jan 03, 2019 — The latest on developments in financial markets (all times local):
Stocks went into a steep slide after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company.
The rare warning of disappointing results from Apple sent a shudder through markets Thursday and reinforced fears that the world’s second-largest economy is weakening.
Apple fell 8.3 percent following its announcement.