Wide fall on Wall Street: Apple fell by more than 5 percent – Wall Street – Stock Exchange and Finance

Apple's shares ended 5.04 percent after LUMITUM Holdings cut the second-quarter accounting guidelines for 2019.

Lumentum Holdings, which uses iPhone face recognition technology, and Alan Lowe's chief, said one of the company's largest customers "has asked for a significant reduction in shipments for their products," CNBC said.

Lumentum did not name the customer on its behalf, but according to Bloomberg, Apple is the largest customer of the company.

The report creates speculation about the success of Apple's latest iPhone for Christmas sales. Last week, Nikkei informed the iPhone about the brake.

The strongest dollar for over a year

Stronger dollars, oil prices, and continuing fears of the consequences of the ongoing trade war meant Wall Street's downsizing, according to CNBC.

For the Norwegian crown, the dollar is not so strong since the summer of 2017 and one dollar now stands at 8.51 crowns.

  • Dow Jones closed 2.32 percent
  • Nasdaq Composite declined by 2.78 percent
  • The S & P 500 declined by 1.97 percent

Loss of oil prices

The energy sector has been for a long time a sector that was due to the highest oil prices early on Monday, but when oil prices have fallen, the energy sector has fallen below zero.

The oil giants Exxon and Chevron started growing both days but dropped to 1.29 and 1.77 percent.

The Big Bank Goldman Sachs also received Christmas and was one of the 30 components that dropped most Monday with a decline of 7.46 percent after it was mixed in Malaysia with a corruption scandal, according to Bloomberg.

Source link