Illustration: (Photo: Reuters)
Citing Reuters pages, New York (09/10/2015), shares of Apple (AAPL.O) closed down 1.9 percent at USD110,15 in heavy trading, erasing its gains due to new product launches.
The company announced a new version of Apple TV with a remote control app store and voice. Some analysts said investors sold Apple stock because expectations were so high before the event.
Among the suppliers of Apple, Skyworks Solutions (SWKS.O) fell 1.5 percent in USD86,42, Avago Technologies (AVGO.O) fell 1,5 percent in USD127,17, while US-traded shares of STMicroelectronics NV (STM .N) fell 6 percent to USD7,04.
The energy sector (SPNY) led declines among the S & P 500 sectors with a decline of 1,9 percent. This is because the price of oil CLc1 settled at 3,9 percent and Chevron (CVX.N) fell 2,5 percent in USD74,92.
"We had a nice rally yesterday based on oversold position. There really is not anything to make follow-up, so purchase just kind of ran out of steam," said senior vice president at BB & T Wealth Management in Birmingham, Bucky Hellwig.
The Dow Jones Industrial Average fell 239.11 points, or 1.45 percent, to 16253,57, the S & P 500 lost 27,37 points, or 1,.39 percent, to 1942,04 and the Nasdaq Composite fell 55,40 points, or 1,15 percent to 4756,53.
US job openings jumped in July, Labor Department data showed, suggesting strength in the economy ahead of a Federal Reserve interest rate next week.
China said it would strengthen fiscal policy, increasing infrastructure spending and tax reforms to accelerate growth reenergize.
The global financial market has been shaken in recent weeks by concerns that a slowdown in China could drag on global growth has been sluggish, prompting some investors bet that the US central bank will delay interest rate hikes until the end of the year.
(okezone.com)
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