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Inventories plunged into the first losses Monday, Apple (AAPL) drove down the Dow Jones indexes and the stock market slid to a week of halted trading.
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The Dow Jones stock, Apple, lost nearly 2% after the press announced that the company had reduced production orders for its new iPhone. Apple news has had repercussions on the chip industry. Semiconductor Tower (TSEM) Nvidia (NVDA) and Micron Technologies (MU) led the first declines. Press reports have linked Micron to an investigation of antitrust violations by the Chinese government. Meanwhile, the Denver-based oil producer Resolute energy (REN) pointed to new takeovers.
A handful of Chinese names delivered their first reports, sending JD.com (JD) significantly lower. Intuit (INTU) directs the companies that must declare after the close.
Apple was heavily traded and the upturns were sluggish compared to the Dow Jones industrial average, which resulted in a 0.2% decline in the index at the beginning of the opening. The S & P 500 also fell 0.2%, with PG & E (PCG) and Cimarex Energy (XEC) leading his setbacks.
The Nasdaq Composite fell 0.4%, while Nvidia and JD.com are spearheading the losses, and Facebook (FB) has moved significantly lower.
While the Nasdaq and the S & P 500 remain below key support levels, Dow Jones industrialists have a two-day rebound, suggesting support for the 200-day line. The index starts the week at 1.3% above this line, which has slightly stabilized above the 25,000 level. Trading in the stock market will likely be lighter than d & rsquo; Usual this week because of the Thanksgiving holiday week.
Apple reduces the production of its iPhone; Facebook dive
Apple dropped 2.4% in opening. The company has "slashed production orders" for the three new iPhone models launched in September, the Wall Street Journal reported. Inferior demand and the release of several models have confused the company's supply chain, particularly with respect to its iPhone XR.
Apple's shares closed Friday at a level slightly below support at their 200-day moving average, a line below which the stock has not spent more than five days at a time since 2016.
FANG shares fell lower at the beginning of trading. Facebook dropped 2.5%, Amazon.com (AMZN) recorded a loss of 2%.
Group Show: Tesla, Ulta Beauty, PRA Health
You're here (TSLA) increased by 0.9% in early action. The stock closed on Friday less than 1% below a point of purchase of 357.67 on a four-month basis with a tumbler.
PRA Health Sciences (PRAH) rose 0.6% before the opening. The pharmaceutical clinical trial services provider was just under 8% below a 108.32 point purchase point in a gobelet-based handle on Friday.
The exchanges were calm on the list of 50 plus IBD, with Ulta Beauty (ULTA) reducing his early gain to a fraction. The IBD stock exceeded the purchase point of 290.40 on November 8th. It is trading just beyond the buying range and testing resistance at its previous high, set in June 2001.
Resolute Energy recorded a rapid increase of 9%, rising after Cimarex Energy (XEC) agreed to buy the oil producer for about $ 900 million. Both companies are based in Denver. Cimarex shares fell by 6% in pre-commercial trading.
Nat Gas is preparing for the most important month since 2009 Oil prices decline
Oil prices reversed initial gains to reduce trade, while natural gas prices were still volatile at the start of trading. West Texas Intermediate is down 1.3% to $ 55.72 a barrel. This represents a drop of more than 14% for November, directing oil to its worst monthly decline since July 2015.
Natural gas rose 5% at the beginning of the exchange, to reach $ 4.49 per million British thermal units. Up 38% since Nov. 1, gas prices are nearing their largest monthly gain in almost a decade.
Monday's economic calendar is meager, with the November housing market index of the National Association of Home Builders being expected at 10 am Eastern time. New York Federal Reserve Chairman John Williams has a busy work schedule for the day, taking part in public discussions in New York at 9:40, 10:45 and 3:15 pm. AND.
European trade mixes, China goes up
Brexit-related issues remained a central concern in Europe, where markets mixed in the afternoon as British Prime Minister Theresa May continued to press her plan to withdraw from the market. EU faces strong opposition. The London FTSE 100 added an expected gain of 0.3%, while the Frankfurt DAX lost 0.2% and the CAC-40 in Paris lost 0.1%.
Stock markets in China climbed Monday. The Hang Seng Hong Kong index gained 0.7%. The Shanghai Composite jumped 0.9%, which is enough to return to the 2700 level as it tries to form a trough in its nine-month pullback. In Japan, the Tokyo Nikkei 225 gained 0.7%.
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