Now Apple is bankrupt – it's no longer highly traded



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Apple is soon flipped on the stock market.

The main Wall Street stock markets met Tuesday night. According to a statement from the White House, there is "a good opportunity to reach an agreement" with China in the context of the G20 summit this weekend.

However, it was a bit heavier for many tech companies. General Motors also avoided Donald Trump's threat of getting subsidies for the automaker.

The Dow Jones Industrial Index closed at 0.4% at 24.749, while the S & P 500 index rose 0.3% to 2682. The Nasdaq, technology-driven, was unchanged at 7 083.

At the sectoral level, it was better for health care, while commodity firms were weakest.

At the corporate level, GM dropped 2.6%. Donald Trump wrote on Twitter that he was "very disappointed with General Motors and their CEO, Mary Barra, because they had closed factories in Ohio, Michigan and Maryland" and that he "planned to recover all subsidies" for GM, even for electric cars. .

On Monday, Bloomberg announced that GM was planning to reduce the number of employees by 10,000 and was planning to close five plants until the end of next year in order to better position the company against electric cars ".

Apple dropped out after Donald Trump imposed the import rights threat, but recovered somewhat after more positive statements about an agreement with China and the title closed marginally. During the day, reports from Asian Digitimes indicated that the Iphonet manufacturer was once again dragging its orders from subcontractors in Taiwan.

Microsoft grew 0.6%. Between Apple and Microsoft, the title of the largest publicly traded company in the US, placed at market capitalization, is virtually dead. However, during Tuesday, Microsoft had passed Apple.

Among other technology companies, Facebook and Alphabet fell 1.0% and 0.4% respectively, while Netflix rose 2.0%.

Retailers continued to go strong on Tuesday. Target, Macy's, Kohl's and L Brands were between 3 and 4%.

United Technologies (UTC) will be split into three separate companies, following pressure from Daniel Loeb's Third Point activism fund and Bill Ackman's Pershing Square. The stock was down by just over 4 percent.

Tesla sales in China fell 70% last month compared to the same period last year, according to the Chinese passenger car organization, the China Passenger Car Association. Electricity shares fell 0.6%.

The interest rate on 10-year US government bonds rose 1 point to 3.06%.

Henrik Berezin +46 8 5191 7910

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