Apple Stocks Drive US Stocks Down (Getty)
US equities gave up most of Wednesday’s gains on Thursday and the S&P 500 index hit its lowest levels in 2022 as fears grew that the Federal Reserve would continue to raise rates Benefitindifferent to approach US economy From slowor already in it.
The S&P 500 index fell more than 2%, impacted by the loss of the company’s stake Camela factory of Mac computers and iPhone smartphones, nearly 5% of its value, also reaching its lowest level since 2020.
The decline in the stock, which is of great significance in the US market, and its trading value is often among the highest trading values in the US market on most days, came after Bank of America lowered its holdings. expectations about it. Shares of Apple alone represent more than 7% of the value of the S&P 500 Index.
The benchmark index of the US market was not only in the red, as the Dow Jones Industrial Average also lost more than 1.5% of its value, while the losses of the Nasdaq index, more influenced by changes in rates of interest, were equal to 2.84% of its value.
The three major equity indices are closing in on an unpleasant month, in which the Nasdaq lost more than 9%, while the other two, the Dow Jones Industrial Average and the S&P 500, lost more than 7%. September was on average the worst month of the year for the S&P 500 since 1950.
lost oil U.S. Brent and West Texas crude oil is close to 1% as markets await the next oil ministers meeting on Oct.5.
As we approach the end of the week, and after severe turmoil, the British pound has regained confidence and moved above $ 1.11, moving away from Monday’s all-time lows (1.0327).
Furthermore, the Japanese yen, the Chinese yuan and the euro rose after the earthquakes that caused currency losses against the dollar earlier this week.
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