Amazon, Apple Weigh on Nasdaq
- 6 years ago
Amazon, Apple Weigh on Nasdaq
That’s obviously taking some pressure off the stock at the moment," said Andre Bakhos,
managing director of New Vines Capital LLC in Bernardsville, New Jersey.
Comments from top officials in the United States and China had given a sense
that both the countries would negotiate over President Donald Trump’s move to impose tariffs on Chinese goods.
(Reuters) - The Nasdaq Composite index fell on Wednesday, dragged down by losses in Amazon
and Apple, while gains in healthcare stocks propped up the Dow and the S&P 500.
Apple dropped 1.6 percent after Goldman Sachs analyst cut sales estimate for iPhone for March and June quarters, citing weak demand.
The social network has lost more than $100 billion in market value since March 16, when it first acknowledged
that user data had been improperly harvested by a consultancy firm.
That’s obviously taking some pressure off the stock at the moment," said Andre Bakhos,
managing director of New Vines Capital LLC in Bernardsville, New Jersey.
Comments from top officials in the United States and China had given a sense
that both the countries would negotiate over President Donald Trump’s move to impose tariffs on Chinese goods.
(Reuters) - The Nasdaq Composite index fell on Wednesday, dragged down by losses in Amazon
and Apple, while gains in healthcare stocks propped up the Dow and the S&P 500.
Apple dropped 1.6 percent after Goldman Sachs analyst cut sales estimate for iPhone for March and June quarters, citing weak demand.
The social network has lost more than $100 billion in market value since March 16, when it first acknowledged
that user data had been improperly harvested by a consultancy firm.