Dow tumbles about 200 points as Apple drags tech lower
The employees and officials of tech giant Apple is not feeling good these days.
The market stocks of Apple have fallen in the stock market on Friday.
The latest data from Wall Street revealed that Apple dropped 4.1 percent.
The decline is attributed to the company’s iPhone sales for the June quarter which would disappoint Wall Street.
The fall of Apple’s stocks also caused the tech sector to suffer at the same time.
The Dow Jones industrial average fell 201.95 points, or 0.8 percent
The Nasdaq composite also declined 1.3 percent to close at 7,146.13.
Jeff Kilburg, CEO of KKM Financial explained the current market is still very susceptible to technicals at the moment.
The latest data from Wall Street also shows that 16 percent of the S&P 500 has released its quarterly results through Friday, with 81.5 percent of those companies posting better-than-expected earnings.
The trading this week made analysts to think that next week will be the busiest week of the season, with more than a third of the S&P 500 set to report.
Among the companies who will report next week are tech giants Alphabet, Intel and Microsoft.