|Day Low/High||21.40 / 22.24|
|52 Wk Low/High||9.10 / 28.29|
Global stocks traded lower Wednesday, while investors continued to plow cash into fixed income markets around the world, as China hit back at the U.S. in their increasingly damaging trade war.
Global tech stocks were rattled Tuesday by suggestions that China may move to ban the exports of so-called rare earth elements, a group of metals and alloys that are integral to the sector's supply chain, as trade tensions between Washington and Beijing continue to escalate.
Given the sidestepping of trade restrictions for the European chipmakers, they could be poised to fill the void left by larger U.S. competitors that have long been dominant in the region.
Global stocks edged higher Monday, although a surge in oil prices linked to tensions in the Gulf region kept investors cautious, as last week's move by the White House to remove tariffs on steel imports from Canada and Mexico added to optimism of a near-term breakthrough in trade talks with China.
European semiconductor shares traded sharply higher Wednesday, lifting U.S. rivals such as AMD and Micron following a report that suggests a key Asia supplier is seeing more orders for smartphone chips heading into the second quarter.
Texas Instruments' defiant fourth-quarter earnings, which echoed a series of concerns from chip-making peers, may have signaled a bottom for the semiconductor sector as investors look to second half 2019 growth to revive performance for beaten-down stocks.
ASML shares fell sharply in Amsterdam Wednesday after the semiconductor supplier cautioned that delayed orders and swelling inventories would hit first quarter sales, echoing concerns for the sector as chip prices fall and smartphone demand wanes.
Taiwan Semiconductor the world's biggest contract chipmaker and a lead supplier for Apple iPhones, posted tepid fourth quarter earnings Thursday but cautioned that near-term sales would slide the most in 10 years as global smartphone markets continue to slow.
Apple has fallen back to Earth in recent months and made an impact on a number of companies in doing so.
Apple shares to a fresh 20-month low Thursday, pulling chip stocks lower and dragging the Nasdaq Composite back closer to bear market territory, after a shock revenue warning from the world's biggest tech company.
Global stocks tumbled Thursday as investors reacted to a shock revenue warning from Apple that raises serious questions for the health of the upcoming U.S. corporate earnings season and the strength of the world economy.
Global stocks slumped Thursday, pulling U.S. equity futures heavily into negative territory, following the arrest of a high-level Chinese business executive in Canada that threatens to unravel the recently agreed trade truce between Washington and Beijing.
Apple's European supply chain, as well as its German-listed units, surged in early Frankfurt trading Monday as investors bet that a truce in the U.S.-China trade war will eliminate a key tariff risk that had been lingering over the world's most valuable tech company.
The chipmaker posts weaker-than-expected third quarter sales and cautions it is heading into a 'softer market' in the months ahead.
Global stocks fell hardTuesday as investors focus to slowing economic growth and simmering geo-political tensions ahead of the busiest week of the U.S. earnings season and amid concern that corporate performance will begin to wane into the final months of the year.
Apple's European supply chain tumbled Tuesday, pulling tech stocks in the region to the lowest level in more than a year, after chipmaker AMS forecast softer profit margins in the months ahead despite solid third quarter earnings.
Global stocks pared gains Wednesday, following the biggest single-day surge on Wall Street in more than six months, as investors shifted focus to the strength of U.S. corporate earnings season even as geopolitical tensions and ongoing trade disputes capped gains in Europe and Asia.
ASML shares surged to the top of the European market Wednesday, lifting tech peers in its wake, as the chipmaker forecast stronger-than-expected fourth quarter sales for its key lithography machines and topped analysts forecast for third quarter earnings in what could mark a late cycle rebound for the beaten-down sector.
Global stocks traded firmer Tuesday as investors reacted to White House plans to slap a smaller-than-expected levy of 10% on $200 billion worth of China-made goods.
U.S. consumer tech stocks were given a reprieve from President Donald Trump's decision to slap fresh tariffs on $200 billion worth of China-made goods, but the threat of a third phase of levies on a tech-heavy basket of products keeps a significant cloud of uncertainty over the market's most-valuable sector.
Apple rebounded modestly in pre-market trading Thursday as investors reacted to the unveiling of three new iPhones, as well as a perceived emphasis on a new AppleWatch, at the tech giant's annual gala event at its headquarters in California.
Global stocks were broadly firmer Thursday as investors reacted to a small step forward in trade war negotiations between the U.S. and China, helping shares in Asia bounce from a fourteen month low and setting up U.S. markets for a positive open on Wall Street.
Apple shares were active in pre-market trading Monday following a weekend Tweet from President Donald Trump which warned that consumers would be forced to pay higher prices for its iphones and computers once fresh tariffs on China-made imports were imposed by the White House.
Global stocks kicked off the week in a cautious mood Monday, with markets in Europe and Asia mixed and the U.S. dollar posting solid gains, as investors re-set their focus on developments in the ongoing trade war between Washington and Beijing.
The global smartphone market is contracting and its beginning to bite these companies.
AMS AG, which makes optical sensors for Apple's iPhone X, is forecasting a surge in third quarter revenues, sending its shares, and the broader European tech sector, higher in early Tuesday trading.
President Donald Trump's latest trade war threat has global stocks on the ropes Tuesday and Wall Street looking at a 400 point opening bell decline.
Japan's Nikkei Business Review is reporting that companies in Apple's supply chain are being asked to prepare for sharply lower iPhone orders this year as global smartphone demand wanes.
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