Dow Reverses 100-Point Gain as Trade War Ravages iPhone Sales

By CCN: The Dow and broader U.S. stock market gave back gains Tuesday, as the threat of a trade-war escalation with China prompted Citigroup to slash its iPhone sales projections by half. Shares of Apple Inc. (AAPL) were little changed at the start of the holiday-shortened week, but that could soon change if Chinese residents shift their smartphone preferences. Dow Rally Vanishes; S&P 500, Nasdaq Follow All of Wall Street’s major indexes pivoted lower Tuesday afternoon, which reflected a tepid pre-market for Dow futures. The Dow Jones Industrial Average initially rose by as much as 132 points before giving back

The post Dow Reverses 100-Point Gain as Trade War Ravages iPhone Sales appeared first on CCN

source https://www.ccn.com/dow-trade-war-ravages-iphone-sales

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