The Dow Jones Industrial Average soared about 500 points.
Hopes for progress in the U.S.
While President Donald Trump's trade war with China isn't helping Apple and other US technology companies, Ives believes Apple miscalculated by continuing to roll out high-priced phones in China, creating an opening for rivals with less costly alternatives that still worked well.
The news caused Apple shares to plummet in after-hours trading, taking some Apple suppliers with it.
"Beyond China, we don't see strong evidence of a consumer slowdown heading into 2019, but we just flag to investors that we believe Apple's replacement rates are likely much more sensitive to the macro now that the company is approaching maximum market penetration for the iPhone".
The U.S. government said employers added 312,000 jobs last month. The Dow has been on a wild ride in recent weeks. Some analysts said investors were acting as if a recession was on the horizon, despite a lack of evidence that the US economy is struggling. China is Apple's third-largest market after the U.S. and Europe. "Investors' biggest concern has been slowing growth". "We are doing very well", Trump said. "The Fed understands that what they attempted to communicate last month was inartful, that they didn't get the right message across, and Powell tried to reset". The Russell 2000 index surged 49.92 points, or 3.8 percent, to 1,380.75.
"It's going to bring home the point to most investors that this trade war is an issue, it's out there, it's getting worse and that you can't just be hopeful that we're going to have a resolution at the end of February", said Michael O'Rourke, JonesTrading's chief market strategist. The Nasdaq composite jumped 231 points, or 3.6 per cent, to 6,694.Читайте также: China’s ‘Jack the Ripper’ executed for murder of 11 women and girls
In a letter to investors on Wednesday, chief executive Tim Cook said the firm's sales problems were primarily in its Greater China region, which includes Hong Kong and Taiwan and accounts for nearly 20 percent of its revenue. Technology companies took their biggest losses in seven years.
Trump has slapped import tariffs on hundreds of billions of dollars of Chinese goods as he seeks concessions from Beijing on issues ranging from industrial subsidies to hacking, sparking retaliation by China. Technology and energy stocks are leading the broad gains. According to Glassdoor, job postings have risen 17 percent in the past year. Eastern time, more than wiping out Thursday's loss. In December, he said that investors should avoid US stocks and corporate debt and that best bets are high-quality, low-duration, low-volatility bond funds. In November, Apple unexpectedly announced that it would no longer disclose how many iPhones it ships each quarter, ending a long-running practice.
Thursday's declines were also a result of concern among investors over the largest one-month decline in US factory activity since the Great Recession.
Bond prices also changed course and moved sharply lower. That helps banks, as higher interest rates allow them to make bigger profits on mortgages and other loans. The S&P 500 gained 2.1 percent, to 2,498.
On Wednesday, the iPhone maker said it expected revenue of about $84 billion (£67 billion) for the last three months of 2018, down from a forecast of at least $89 billion.
USA crude oil added 1.7 per cent to $47.88 a barrel in NY. The TSX was helped by a gain in the price of oil, by almost $1 USA, to just over $48 a barrel, its highest level in three weeks.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.
Код для вставки в блог