Philip Morris runs out of money: Apple's purification consolidates Wall Street



economy


Even Apple's favorite fell on the market.

Even Apple's favorite fell on the market.(Photo: Reuters)

Monday, November 12, 2018

Strong consumption of technology pushes Wall Street down. In Apple, investors are falling when a major iPhone provider reduces its forecasts. And cigarette manufacturers slide.

Apple's favorite stock market was with the investors to take advantage of it and with it pulled Wall Street. New investors from New York have withdrawn from the California technology giant after a key iPhone provider has lowered its forecasts.

AppleAt the end of July, shares fell by about five percent to the lowest level. Investors are afraid that there are good times for Apple already once. Recently, the company warned that Wall Street's sales expectations were not met in a significant Christmas quarter.

Dow Jones Index the default values ​​dropped by 2.3 percent to 25,387 points. Broader S & P 500 spent just under 2 percent at 2726 meters. Technology Exchange Index Nasdaq lost 2.8 percent to 7200 points.

For excitement at Apple, there are warnings about the profit of suppliers, such as Lumentumwho are responsible for face recognition technology, iPhone. The company announced that it would not be able to achieve its sales and profit targets set out a few days ago to reduce the volume of a large buyer's order. Lumduum shares fell and lost nearly a third of their value.

Also cigarettes producers Altria in Philip Morris Puffed out – though not as dramatic as Apple's supplier. According to the newspaper report, investors are separated from Marlboro and Benson & Hedges producers about the ban on menthol cigarettes in a short time. Altria shares were closed at 3.5, while Philip Morris dropped 1.4 percent.

She went down after Goldman Sachs, The Investment Bank was penalized on the stock exchange for the Bloomberg report, according to which Malaysia is seeking a reimbursement of fees associated with operating in billions of dollars of its deficient sovereign wealth fund. Goldman Sachs shares fell 7.5 percent.

General Electric has become under pressure because director Larry Culp urgently wants to sell parts of companies in the face of debt repression. GE shares lost nearly seven percent and cost less than 8 US dollars since March 2009.

Source: n-tv.de

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