Apple plummeted 3.6% after learning that China expanded its restrictions on the use of iPhones by state employees.
The indexes S&P 500 and nasdaq they fall this Thursday, weighed down by Manzana given the concern generated by the restrictions imposed by China on the iPhone, while some employment data in the United States stoked fear of a persistent inflation.
The Industrial Average Dow Jones rises 0.04%, to 34,457.45 units; the S&P 500 lost 26.88 points, or 0.60%, to 4,438.60 units; and the Nasdaq Composite lost 193.72 points, or 1.40%, to 13,678.75 units.
Manzana plummeted 3.6% after learning that China expanded its restrictions to use of iPhones by state employees, requiring staff at some central government agencies to stop using their cell phones at work.
Other mega cap stocks like Tesla, Nvidia and Amazon.com They declined between 1% and 3.4%. The roles of suppliers Manzana such as Skyworks Solutions, Qualcomm and Qorvo also fell between a 4% and 5.3%.
The information technology sector of the S&P 500 fell 2%, while the Philadelphia Semiconductor Index lost 2.7%.
Wall Street fears rates
A report of the work Department showed that the number of Americans who applied for subsidies unemployment stood at 216,000 in the week ending September 2, compared to estimates of 234,000 applications.
“If one invests in Actions, wants the economy to slow down, but not collapse, so any strength in the economy will lead people to believe that the Federal Reserve will likely raise interest rates in September,” said Robert Pavlik of Dakota Wealth in Fairfield, Connecticut.
McDonald’s helped keep the Dow afloat, rising nearly 1% after Wells Fargo upgraded its stock to “overweight.”
Source: Ambito
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