U.S. stocks opened sharply higher on Thursday, January 3. The reasons for this are several: the deterioration of forecasts of Apple, and fears of deceleration of the Chinese economy and the shutdown of the U.S. government, which is idle for 13-th day. In addition, was published by pessimistic data from the Institute for supply management (ISM) on the processing industry of the USA, writes “Interfax”.

So, the Dow Jones Industrial Average collapsed by 473,67 points (2.03 percent) to 22872,57 points, Standard & Poor’s 500 fell by 43.34 points (1.73 percent) to 2466,69 points, Nasdaq Composite — 145,06 points (2.18 per cent), to 6520,88 points.

Apple has lowered its forecast for quarterly revenue for the first time in nearly two decades, reporting weaker-than-expected iPhone sales, including in China. Apple CEO Tim cook said in a letter to shareholders that the company does not expect this magnitude of slowing economic growth, especially in greater China (China, Hong Kong and Taiwan). The price of Apple decreased by 8.9% to 143,8 of the dollar, the lowest level since July of 2017.

The market value of the largest car manufacturer in the U.S. General Motors Co. (GM) decreased by 2.5 percent, since last year the sales of cars decreased by 1.6 percent compared to the previous year.

Meanwhile, on Thursday in 20 hours Moscow time will exit the U.S. Congress 115-th convocation. However, critical issues related to taxation, financing of the government and the upper debt limit, has not yet been resolved.

Read more •••

LEAVE A REPLY

Please enter your comment!
Please enter your name here