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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.
Fresh selling hit stocks into the close Thursday, pushing the Dow down more than 500 points for a two-day loss of more than 1,375.
Wall Street is bracing for another session of heavy selling Thursday, as global markets reacted to the biggest single-day decline for U.S. stocks in eight months, amid concerns over slowing world economic growth, rising domestic interest rates and the near-term impact of the ongoing trade war between Washington and Beijing.
U.S. tech stocks, which suffered their biggest single day declines in seven years amid yesterday's Wall Street rout, look poised to extend declines Thursday as global investors dump shares in the sector amid concerns over rising interest rates and the ongoing trade war between Washington and Beijing.
U.S. stock futures are down sharply on Thursday, and global stocks fall dramatically a day afterthe Dow Jones Industrial Average plummeted 831 points; Donald Trump suggests the Federal Reserve is to blame for the market selloff; Apple agrees to buy part of its supplier Dialog Semiconductor in a $600 million deal.
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.
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.
Global stocks retreated across the board Friday as a series of event risks, notably today's G-7 meeting in Quebec City, trimmed risk appetite in markets around the world.
Apple's German listed shares jumped to a six-week high, while its European supply chain surged, following a stronger-than-expected second quarter earnings report and a robust revenue outlook for the three months ending in June.
Global stocks were mixed Wednesday, with European stocks looking at modest gains after a muted session in Asia, as investors take a cautious stance amid a surging U.S. dollar and rising oil prices.
Apple's European and Asian suppliers are echoing increasing concern that waning smartphone demand will hit chip sales as the world's biggest tech company prepares for a pivotal second quarter earnings report.
Apple shares may test their all-time high again Wednesday after one of its key European suppliers posted record fourth quarter sales and issued a robust 2018 outlook.
Apple's European suppliers are hit by a JPMorgan note that cautioned on iPhone X demand as investors wait for Apple's Q1 earnings on Feb. 1 to reveal the true appetite for the flagship smartphone.
U.S. stocks are set for modest gains Wednesday after falling for four of the past five sessions as investors books profits from an extraordinary global rally.
Apple shares look set to recover from their steepest loss in six months, but questions linked to iPhone X demand continue to linger over the world's biggest tech company.
Commodity prices are on the rise as investors extend bets on more robust global economic growth in 2018, helping stock gains in markets all over the world.
U.S. stocks likely will drift lower Wednesday as investors eye bond market developments and tech-sector weakness.
U.S. stocks are expected to open weaker Wednesday as tech sector weakness and a mini bond market rally keep a lid on gains heading into the final trading weeks of a record year.
Commerzbank says its "as close as we can be" to certain that Dialog will remain Apple's sole core PMIC supplier for the iPhone next year.
U.S. equity futures suggest a pullback from record highs
Europe's tech sector is the leading underperformer Thursday after Asia markets wobbled following a sharp 1.3% fall for the Nasdaq yesterday on Wall Street.
The company now expects fourth quarter revenue to be in the range of $415 million and $455 million, a 19% year-on-year growth at the mid-point.
Apple's on its longest losing streak in three months as bad reviews cast a long shadow over its September launch event.
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