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News: US stock market is falling, Apple’s shares have slipped, US is looking for workers

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News: US stock market is falling, Apple’s shares have slipped, US is looking for workers
January 08
13:00 2019

The US stocks began their rapid decline after the forecasts regarding Apple, concerns about a slowdown in China’s economy and the paralyzing of the US government.

The stock price of Apple has fallen by 9%; it was last summer when the market observed such values. Now, the high-tech giant is less capitalized than Microsoft, Amazon and Alphabet. Let’s recall that at the beginning of last month, Apple was the market leader.

As for other significant falls, the market observes the collapse of BMS securities by 13%. The reason for this is the desire to purchase Celgene. Investors are concerned that the price of the transaction is almost half the current Celgene stock prices, which in turn have risen by 27%.

The depositary receipts of China’s Baidu have fallen by 4% due to the news about the suspension of news services.

The cost of GM has decreased by 2.5% because of the reduction in auto sales by 1.6% compared to last year.

Dow Jones has lost 2%, S & P 500 -1.7%, Nasdaq -2%.


Let’s talk about Apple

For the first time in 20 years, Apple analysts predict a revenue drop for the quarter. This is primarily due to the fall in sales of flagship iPhone models. Tim Cook noted that the company had not expected such a decline, especially in Greater China.

On average, the analysts estimate the value of the company’s shares at $ 193 per unit. This is a minimum for the last 9 years. Last Monday, the average score was $ 216.

Earlier, the company refused to publish the data on sales of smartphones. This was a signal to reduce the demand for the products.


United States statistics

In December, the number of jobs has increased by more than 270 thousand. This is a record growth in almost 2 years. The unemployment rate has fallen by 0.1% – to a value of 3.6%.

Now the US Department of Labor reports that the number of citizens who first applied for benefits has increased by 10 thousand and amounted to 231 thousand people. This is a maximum value for the month. Following the data revision, the last week indictor was changed to 216 thousand, which only aggravated the situation. Experts were waiting for this parameter to increase by 4 thousand.

The index of the industrial activity has fallen extremely rapidly since the crisis – to 54 points (from 59). This is a minimum for the last 2 years.

If the index falls below 50 points, it will be possible to talk about a serious decline in business activity in a particular segment.

According to Robert Steven Kaplan, President and CEO of the Federal Reserve Bank of Dallas, the Fed should keep rates at the same level until the situation begins to improve.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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