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Apple Leads Megacap Losses
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Apple leads megacap losses
Apple CEO Tim Cook A selloff in major tech stocks pulled markets lower, ending a three-day rally that had brought the S&P 500 close to its record highs. Equities paused their upward trend, with Apple spearheading declines among megacap stocks, while Tesla remained largely unchanged after an earlier nearly 3% surge. Rita Nazareth and Andre Janse Van Vuuren for Bloomberg News: Despite Wednesday’s losses, the S&P 500 has seen a torrid rally from…
Stock markets are relatively calm, but the rare earths talks between the US and China are worrying investors in defense stocks. Investors also didn't hear what they expected at Apple's conference.
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