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Apple's share dropped 5.04% after Lumentum Holdings lowered its guidance for the second quarter of 2019.
Lumentum Holdings, which manufactures technology for the iPhone's face recognition function, and the company's director, Alan Lowe, said that one of the company's biggest customers had asked "to significantly reduce shipments of their products, "writes CNBC.
Lumentum did not mention the customer's name, but Apple is the company's biggest customer, according to Bloomberg.
The message is creating speculation about the success of the latest Apple iPhone for Christmas sales. Last week, Nikkei announced the slowdown in iPhone production.
The strongest dollar for over a year
Rising dollar prices, oil prices, and the growing fear of continuing the trade war were to make Wall Street disappear, according to CNBC.
Against the Norwegian krone, the dollar has not been as strong since the summer of 2017 and a dollar now costs 8.51 kronor.
- Dow Jones closed down 2.32%
- Nasdaq Composite fell 2.78%
- The S & P 500 fell 1.97%
Lost price of lost oil
The energy sector has long been the sector that has been most successful because of rising oil prices Monday morning, but when oil prices fell, the energy sector also fell well below zero.
The oil giants, Exxon and Chevron, started the two days up, but fell back and ended at 1.29% and 1.77% respectively.
The big bank Goldman Sachs also received Christmas and is among the 30 components of Dows who dropped the most on Monday with a drop of 7.46% after being involved in a corruption scandal in Malaysia, according to Bloomberg.
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