Wall Street, weakened by Apple, opens down

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Wall Street, weakened by Apple, opens down

Wall Street, made nervous again by a decline of Apple, started the session down Monday on the occasion of a week shortened by the Thanksgiving celebrations on Thursday.

Around 15:25 GMT, the index of Wall Street, the Dow Jones Industrial Average, dropped 0.88% to 25,189.53 points.

The Nasdaq index, with strong technological color, yielded 1.72% to 7,222.88 points.

The broad S & P 500 index lost 0.85%, to 2,713.01 points.

After two consecutive weeks of growth, the New York market had fallen over the whole of last week, already affected by the plunge of more than 5% of Apple and the decline of the semiconductor industry: the Dow Jones had fell by 2.2%, Nasdaq by 2.1% and the S & P 500 by 1.6%.

"This negative start is largely due to Apple's slow start," said Patrick O'Hare of Briefing.

The apple brand (-3.20%) continued Monday its autumnal depression, which has seen losing nearly 20% since early October, because of growing concerns about its sales for the end of the year.

Monday, a Wall Street Journal article explained that the manufacturer of the iPhone had reduced the production of its latest smartphone models unveiled this year, adding a little more to the fears surrounding this giant who often dictates, during his strong increases or sharp declines, the trend on Wall Street.

Apple CEO Tim Cook also said that a regulation to support the high-tech and social media sector would be "inevitable” to protect the data, in an interview broadcast Sunday.

Most technology stocks were downward in this context, such as Netflix (-3.98%), Alphabet (parent company of Google, -1.51%) and Amazon (-3.34%). ).

PG & E tumbles 50%

Some US indicators were expected by market players this week on confidence and durable goods orders.

On the real estate front, a confidence index of US manufacturers showed Monday a slowdown for the month of November against a background of rising interest rates.

More broadly, observers predicted a rather quiet week due to Thanksgiving celebrations in the United States, which will see markets close on Thursday and close earlier on Friday.

In the bond market, the 10-year debt rate rose to 3.066%, against 3.063% Friday at the close, and the 30-year to 3.331%, against 3.316% at the end of the previous week.

Among the values ​​of the day, General Electric advanced 0.29%. The group reminded John Rice, who retired last year, to oversee the struggling energy division.

The Pacific Gas and Electric Company (PG & E) energy supplier, faced with concerns over its potential role in the fires that ravaged California in recent days, was backing down 7.51%.

The group reported a new incident on one of its lines on the morning of the November 8 fires that ravaged 60,000 hectares in northern California and killed at least 76 people. Its share price has lost more than 50% since that date.


  • Nasdaq
  • 19/11/2018 16:57:37 –
    New York (AFP) –
    © 2018 AFP