NEW YORK | Stocks dive after Apple says iPhone sales in China slowed

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

NEW YORK — Stocks went into a steep slide Thursday after Apple sent a shudder through Wall Street with word that iPhone sales in China are falling.

The rare warning of disappointing results from Apple reinforced investors’ fears that the world’s second-biggest economy is losing steam and that trade tensions between Washington and Beijing are making things worse.

The Dow Jones Industrial Average plunged as much as 677 points about an hour into trading, then began climbing back, but was still down more than 550 points at midafternoon.

Continue reading NEW YORK | Stocks dive after Apple says iPhone sales in China slowed at STL.News.

Source link