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Wall Street hit by Apple slide, trade woes


Tuesday, 20 November 2018 00:03 WIB

Standard & Poor's 500Indeks NasdaqSaham AS


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U.S. stocks fell on Monday, as a slide in Apple's shares on concerns about iPhone demand hit its suppliers and the technology sector, with mixed signals over the state of play between the United States and China on trade dispute adding to the weakness.

Shares of Apple Inc resumed its decline with a 3.5 percent fall after the Wall Street Journal reported the company has cut production orders in recent weeks for all three iPhone models launched in September.

The Dow Jones Industrial Average was down 261.76 points, or 1.03 percent, at 25,151.46, the S&P 500 was down 27.29 points, or 1.00 percent, at 2,708.98 and the Nasdaq Composite was down 131.51 points, or 1.81 percent, at 7,116.37.

Reuters


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