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

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

Published by InvestorGreg Editorial Team

January 9th, 2019

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%.

About the author

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

Recommended Financial Products

Fidelity

A household name, Fidelity has always been known to be a reputable investment firm. In our Fidelity Broker Review, we will examine some of the pros and cons of this broker as well as the fees charged by the broker.

Fidelity Review

Charles Schwab

Charles Schwab has been one of the leading full-service brokers for decades. They have more than $3 trillion in client assets and there are more than 10.5 million active brokerage accounts.

Charles Schwab Review

E*TRADE

ETrade is a broker that has long been at the forefront of online trading. They made their first online trade in 1982. Let’s take a look at the broker offering and see if they are right for you.

E*TRADE Review

Vanguard

Vanguard Brokerage, an excellent choice of broker for low cost longterm investment. The broker offers the lowest expense ratio for index funds and ETF's.

Vanguard Review

Full list of recommended

Suggested For You

Apple Is No Longer the Most Expensive Company in the World JAN 11, 2019 On August 1, 2018, Apple published a financial report that turned out to be better than analysts had predicted, and the Company had risen in price to a trillion dollars for the first time in its history.

Dow Jones Index Fell Down by 500 Points. Why Do Investors Sell Shares? DEC 21, 2018 US stock indexes lost 2% each on Monday. There was no such weak beginning of December on Wall Street for 38 years.

Dow Jones and Nasdaq Fell Down, but S&P 500 Is Quietly Steady APR 12, 2019 S&P 500 completed Thursday’s trading session without changes, as increase of worries about the global economic slowdown outweighed good economic data, while investors were waiting for start of the active phase of the reporting season.

S&P 500 and Nasdaq Was Up, and Dow Declined Due to Concern About Trade JAN 29, 2019 The S&P 500 and Nasdaq indexes closed Thursday’s trade in the positive territory, while the Dow slightly declined, as continuing concerns about a slowdown in the global economy and trade contradictions between the US and China have negated optimism about companies’ reports.

Shares of the British Retailer ASOS Fell Down by Almost 40% Due to Deteriorating Forecasts DEC 19, 2018 The sharp decrease in sales forced Asos to worsen the forecast for the financial year. As a result, the retailer’s shares fell down by more than 40% on the London Stock Exchange, which was already called as a nightmare before Christmas.