HomeFinancial MarketsNasdaq Stocks Fall Amid Apple Decline

Nasdaq Stocks Fall Amid Apple Decline

The tech-heavy Nasdaq Composite Index took a tumble on Thursday as Apple shares continued to fall. The tech company’s stocks declined following China’s decision to prohibit government officials from using iPhones. The government is now considering extending the ban to state companies.

Stocks on the Nasdaq fell by 1%, with Apple plummeting by 3%, while the S&P 500 declined by 0.3%. In contrast, the Dow Jones Industrial Average remained stagnant, gaining a modest 0.2%.

Last week, unemployment claims slumped to their lowest level since February, signaling a resolute labor market. This, together with data showing that US services activity is at a six-month high, is raising bets that the Federal Reserve will keep interest rates higher for longer. The central bank is due to reconvene later this month.

Warren Buffett to Step Down as Berkshire Hathaway CEO at the End of 2025

Warren Buffett is ready to step down as the CEO of multinational conglomerate Berkshire Hathaway. Buffet announced his decision while speaking at the company’s...

Microsoft Stock Soars on Better-Than-Expected Q3 Earnings

Microsoft reported better-than-expected third-quarter earnings on Wednesday, which caused the company's stock to soar by more than 8% in after-hours trading. Microsoft reported $3.46 in...

Gold Continues to Drop From Record Highs, Dollar Ends Its Slide

After reaching fresh record highs at the beginning of last week, gold has been in the midst of a continuous drop. Meanwhile, the U.S....