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US Stock Indexes Showed the Worst Year Start for 18 Last Years

The beginning of the year was not easy for the US stock markets – Dow Jones and S&P 500 showed the worst start for almost two decades. A sharp decrease in the price of Apple shares had significant impact on the fall of the indexes.

According to exchange data, US stock indexes – S&P 500 and Dow Jones – fell down after Apple announced a revision of the forecast revenue. S&P 500 (that is based on the capitalization of 500 large US stock companies) fell down by 2.48%; the Dow Jones index (that is based on the capitalization of the 30 largest US companies) fell down by 2.83%. Nasdaq fell down by 3.04% as well.

The shares of Apple supplying companies fell down as well. The shares of SK Hynix, a South Korean company engaged in RAM manufacture, also fell down in price by 4.79%. Those ones of Hong Kong-based AAC Technologies Holdings Inc. fell down by 5.41%. The shares of Taiwan Styrene Monomer Corp, a Taiwan semiconductor manufacturer, fell down somewhat less, by 1.7%. And those ones of Hon Hai Precision Industry (Foxconn), an electronics manufacturer, fell down by 1.5%-1.7%.

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InvestorGreg Editorial Team

InvestorGreg Editorial Team

The InvestorGreg Editorial Team is a group of financial writers and analysts who cover the worlds of finance and investment. Read more