Don't blame Monday's market rout entirely on Apple. Global growth and the Fed are issues

Don't blame Monday's market rout entirely on Apple. Global growth and the Fed are issues

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/11/12/dont-blame-mondays-market-rout-entirely-on-apple-global-growth-and-the-fed-are-issues.html

The market is boxed in due to the problems with global growth and the Federal Reserve.

Monday's decline in tech stocks cannot be blamed exclusively on Apple. Lumentum, one of Apple's facial recognition suppliers, reduced its outlook for the quarter, citing a reduced shipment request from one of its biggest customers, which everyone assumes is Apple.