Business

US stocks futures fall after Apple reduces sales forecast




US Stock share futures pushed late Wednesday after Apple Inc.

AAPL, + 0.11%

lowered the sales forecast for the quarter. Dow Jones Industrial Average futures

YMH9, -1.42%

was down more than 300 points, or 1.5%, shortly after trading opened. S & P 500 futures

ESH9, -1.29%

was of more than 1.4%, and tech-heavy Nasdaq futures

NQH9, -2.22%

sank more than 2%. Apple shares dropped 8% in the after-sales deal after Wednesday afternoon announcement, where tech giant blamed disappointing sales on China's weakness. The news had major repercussions on the technology industry, with some of the biggest technological names such as Microsoft Corp.

MSFT, -0.44%

and Netflix Inc.

NFLX, + 0.00%

falls after trading by trade.

Has posted news to your inbox. Subscribe to MarketWatch's Free Bulletin Email. Register here.



Source link

Back to top button