NEW YORK | Markets Right Now: Stocks slide after Apple sees China slump

3Jan - by Editor - 0 - In STL.News

NEW YORK —Jan 03, 2019  —  The latest on developments in financial markets (all times local):

11:45 a.m.

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.

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