There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
Asian equities decline on regional data
On Thursday, Asian equities drifted weaker in cautious trade after poor regional data and also a look ahead to nonfarm payroll reports from America at the end of the week.
Japan's Nikkei 225 lost 0.33%. The S&P/ASX 200 went down 0.33% in Australia because the trade balance sank.
In Hong Kong the Hang Seng Index lost 0.48%, and the Shanghai Composite decreased 0.01%.
Overnight, the ascend in the Dow demonstrated no sign of ending, concluding at a record peak on Thursday, driven by a leap in equities of Apple after on Wednesday the tech giant reported better-than-expected earnings for the quarter.
Equities of Apple Inc grew more than 4%, backing a leap in the Dow to a record 22,000, right after the tech giant reported earnings beating on both the bottom and top lines, deriving benefits from firm iPhone sales.
The Dow Jones Industrial Average concluded higher sticking to 22,014. The S&P 500 ascended 0.05%, while the Nasdaq Composite didn’t change being worth 6362.65.
The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N